Jamie Dimon might not be a fan but the North Korean leader has his eyes on gathering up a war chest of Bitcoins.
As sanctions pile on to his regime strangling potential revenue streams, the government of North Korea has allegedly been turning to bitcoin exchange heists and cryptocurrency mining in an effort to by-pass the international measures.
Observers have reported that recent cryptocurrency heists appear to tie to the Pyongyang-based government of North Korea, officially known as the Democratic People’s Republic of Korea, (DPRK).
According to industry publication «bankinfosecurity.com» banks, financial institutions and currency exchanges are likely to see a steady increase in malicious and sophisticated intrusion attempts originating out of the DPRK.
If Pyongyang is attempting to steal bitcoins, it wouldn’t be the first time the pariah state has tried to bolster its coffers via illegal means. North Korean watchers say the country continues to seek new ways to bolster its GDP and fund the regime, following years of punishing sanctions.
Luke McNamara, at cybersecurity firm FireEye, says in a blog post.«Since May 2017, we have observed North Korean actors target at least three South Korean cryptocurrency exchanges with the suspected intent of stealing funds.»