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.
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.
Become a member for less
than $5.75 per week.
Unlimited access to all of NK News: reporting, investigations, analysis
The NK News Daily Update, an email newsletter to keep you in the loop
Searchable archive of all content, photo galleries, special columns
Contact NK News reporters with tips or requests for reporting
Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts.
Subscribe now
All major cards accepted. No commitments – you can cancel any time.