News12 October 2022

North Korea develops nuclear weapons with money it steals from crypto projects

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North Korea appears to be using stolen funds to fund its new nuclear ventures. This follows a further investigation.

International investigators say North Korea stole "hundreds of millions of dollars in digital assets" to develop a nuclear weapons program. In South Korean political circles, North Korean nomenclature has been accused of having ties to crypto developer Virgil Griffith. 

Griffith himself was previously sentenced to 5 years in prison. All because of helping North Korea circumvent sanctions. By the way, he's also a former Ethereum developer.

Pyongyang claims its latest missile launch is a "simulation" of a possible future attack on South Korea. Although the missile launch did not involve nuclear weapons, North Korea intends to conduct its first nuclear test in five years. The event is due to take place in the coming week.

According to South Korean and U.S. intelligence, the project is financed mainly by stolen cryptocurrencies. Yonhap represents the UN Security Council committee. They were the ones who blamed North Korean hacker groups such as Lazarus for the attacks on Harmony and Ronin Bridge. These hacks were very successful and brought the attackers hundreds of millions of dollars worth of cryptocurrencies.

Also, in the background of Griffith, some, if I may say so, the confrontation began among the parties in South Korea. So we'll keep you posted. It should be interesting :D.

In the meantime, you can take your mind off the disturbing news and search for crypto projects via our Moni Twitter Bot - click. 

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