Even North Korea has been affected by the crypto crash 👀
North Korea's nuclear weapons program could be affected by the crypto crash, according to a new report.
Illustrating the dire state of its finances, Chainalysis told Reuters that old, unlaundered funds from North Korean hacks have plunged in value from $170 million to $65 million. Bitcoin is said to be Pyongyang's preference, but experts believe these funds are often converted to cash at a discounted rate through questionable brokers.With the bear market sending the value of cryptocurrencies into freefall, the question now is whether North Korean hacking groups will have to orchestrate even more attacks to ensure their cashflow remains constant.
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