North Korea’s Crypto Cyber Attacks May Further Fuel US Fear of Bitcoin

The biggest topic of discussion around the crypto space in recent weeks has been the United States and the sudden negative stance it has taken against Bitcoin and cryptocurrency ever since Facebook Libra came into the limelight and shook up the space. Politicians from the country, even the President have come out of the woodwork to attack crypto for its illicit use in criminal activities such as ransomware, cybercrime, and money laundering.

A report from the United Nations on the development of North Korea’s weapons of mass destruction program suggests that the rogue nation has recently made strides in funding its criminal operation using cybercrime attacks its carried out on cryptocurrency exchanges. The report is likely to only further fuel concerns surrounding Bitcoin and other crypto-assets being used for crime.

After US Blasts Bitcoin, Cautions Crypto, North Korea Underscores Illicit Use

A few weeks back, United States President Trump tweeted about his distaste over Bitcoin,…