US agencies warn against the influx of North Koreans in IT and crypto jobs on...
The public advisory warned private firms to do their due diligence before hiring freelance workers, as North Koreans often use illicit tactics and stolen identities to hide their nationality. The United States Department of Justice, State and the Treasury issued a joint advisery warning against the influx of North Korean workers in various freelance tech jobs, especially in the crypto industryThe public advisory was released on Friday, highlighting the critical red flags and identifiers for private firms to avoid hiring North Korean workers. The U.S. agencies warned that these workers pose....
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Several U.S. federal agencies issued a joint warning about an increase in crypto-related hackings. Posted as an alert by the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and the Treasury Department. Related Reading | Could Musk Fix This? Blue Checked NFT Scams Swamp Twitter The U.S. government agencies noted the “cyber […]
A Canadian journalist recounts the story of when he went to North Korea to participate in a crypto conference that’s full of surprises. When North Korea announced a crypto conference back in 2018, Canadian journalist Ethan Lou jumped at the opportunity to see what the country's crypto scene looked like. He encountered many surprises, including being introduced as a presenter to a North Korean audience. According to Lou, he went there with eight other unsuspecting participants who wanted to simply attend the crypto conference. However, when the plane landed and the conference started, they....
Opponents of the government’s plan to tax gains from cryptocurrency trading outnumber supporters among South Koreans in their 20s, a new survey shows. Representatives of other age groups are more open to the proposed taxation of investments in virtual assets. Nearly Half of Young Koreans Reject Tax on Crypto Profits According to the poll, a little more than half of South Koreans support the taxing of profits from cryptocurrency trading, local media reported on Monday. In numbers, 53.7 percent of the respondents back the authorities’ initiative to levy taxes on capital gains....
"Even though the tradecraft is not perfect right now… it's still a fresh market for North Korea," says former CIA analyst Soo Kim. North Korea-backed cyberattacks on crypto and tech firms will only become more sophisticated over time as the country battles prolonged economic sanctions and resource shortages. Former CIA analyst Soo Kim told CNN on July 10 that the process of generating overseas crypto income for the regime has now become a “way of life” for the North Koreans. "In light of the challenges that the regime is facing — food shortages, fewer countries willing to engage with North....
An Ethereum engineer who gave a lecture on how to use blockchain technology in North Korea was sentenced to 63 months in prison on Tuesday. Cryptocurrency expert Virgil Griffith will pay a $100,000 fine for assisting North Koreans in evading US sanctions through the use of cryptocurrencies. The United States forbids its nationals from traveling […]