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North Korea’s Crypto Mining Explodes Tenfold to Evade International Sanctions: Report

North Korea is reportedly expanding its cryptocurrency mining operation to generate revenue and avoid sanctions, producing a tenfold increase over the past 90 days.

According to a report by threat intelligence company Recorded Future, North Korea uses three tactics to generate revenue via the internet: exploiting cryptocurrencies and blockchain technology, online banking crimes and low-level information technology breaches.

North Korea is suspected of hacking South Korean cryptocurrency exchanges, as well as engaging in cryptojacking and cryptocurrency mining.

The report concludes that North Korea has targeted three popular cryptocurrencies: Bitcoin, Litecoin and Monero. Read More...