North Korean Cyber Heist: $7.74 Million Cryptocurrency Capers Revealed!
North Korean IT workers are the ultimate catfish, duping companies into paying them in stablecoins while they secretly fund missile projects. The Justice Department is now hunting down $7.74 million worth of pilfered crypto. It’s like a James Bond movie, but with remote work and digital assets.
Hot Take:
North Korea’s IT workers are like the world’s worst freelance gig workers – getting paid in crypto while funding a missile program. Who knew remote work could potentially be this explosive?
Key Points:
- The Justice Department is chasing $7.74 million allegedly swiped by North Korean IT operatives.
- North Korea is creatively bypassing U.S. sanctions using global IT contracting and cryptocurrency.
- Remote IT workers infiltrated blockchain development companies to get paid in stablecoins.
- The schemes reportedly fund 50% of North Korea’s missile projects.
- Calls are growing for stricter regulations on digital assets to prevent such schemes.
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