North Korea likely has ‘expertise’ to steal more NFTs to fund regime, US says | NK News
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October 15, 2024
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North Korea likely has ‘expertise’ to steal more NFTs to fund regime, US says

New Treasury report on nonfungible tokens highlights illicit finance risks of DPRK cybercrime groups

North Korean cybercriminals may have developed the expertise to increasingly exploit nonfungible tokens (NFTs) to generate revenue for the regime, the U.S. Department of the Treasury has warned in a new report. 

The first Illicit Finance Risk Assessment of NFTs published Wednesday states that the DPRK has dispatched thousands of highly skilled IT workers around the world who often are employed to work on projects involving digital assets, even though most money laundering, terrorist financing and proliferation financing currently occurs in fiat currency.

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