The value of the world's major cryptocurrencies has yet to recover with Bitcoin now back below RM90,000. There are many investors who are at a loss to the point of losing retirement money. But the fall in the value of cryptocurrencies is not all negative and according to South Korean military analysts.
According to confidential sources, the fall in the value of crypto has hampered North Korea’s nuclear weapons development program that uses stolen crypto as a source of funding. It is estimated that North Korea has stolen $ 615 million (~ RM2.7 billion) worth of crypto through several cyber attacks. Among the tactics used was using hostage software and asking the victim to pay to unlock the hacked data.
The value of crypto, which has shrunk by more than 50%, has lately made North Korea's weapons program a problem. Although the country is currently facing a severe Covid-19 attack due to lack of immunization, the focus on the weapons program is still continuing by the top leadership.
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BUSINESS & MONEY