North Korea Turns Talented Children into Cryptocurrency Hackers

The UN believes that North Korea is training its most talented young IT talents to become elite cryptocurrency hackers – and thinks Pyongyang is a using a fake Hong Kong blockchain company as a front for money laundering schemes.

Per South Korean media outlet Chosun, South Korean MP and parliamentary committee member Cho Won-jin says he has analysed recent reports prepared by the UN Security Council Sanctions Committee on North Korea.

According to the data in the report, the UN has discovered that a special unit of the North Korean government selects and nurtures potential “cyber agents,” identifying prodigious IT talents when they are still children, and training them with the express purpose of hacking cryptocurrencies.

In August, the UN claimed that Pyongyang has raided some USD 2 billion worth of cryptocurrencies and other funds in an ongoing campaign to fuel its weapons programs.

The media outlet says the UN committee’s report also…