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Sanctions evasion through cryptocurrency theft: DPRK
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Sanctions evasion through cryptocurrency theft: DPRK

Illicit Financing

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Jessica Davis
Mar 10, 2021
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Sanctions evasion through cryptocurrency theft: DPRK
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In addition to the usual ways that countries evade sanctions, North Korea has undertaken a new method - stealing cryptocurrency. A string of thefts against South Korean cryptocurrency exchanges have been blamed on the DPRK. Billions of won (in cryptocurrency) have been stolen, primarily through malware-laden spear-phishing emails. North Korea employs an…

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