Internet uses increases over 300% in North Korea due to crypto-related crimes

North Korea has vastly expanded its use of the internet to pursue cybercrimes related to cryptocurrency. The country has immensely improved its ability to mine and steal cryptocurrency.

According to the New York Times report, the use of the internet in North Korea has increased over 300% over the last couple of years. Half of the traffic that flows through a new connection in Russia. The increased use of the internet indicates that the country is circumventing financial sanctions put on by the USA and the UN. 

 

North Korea has enhanced its crypto-mining capabilities.

As reported earlier, North Korea is investing heavily in Monero mining. The North Korean regime has chosen the Monero as a preferable cryptocurrency because of its privacy-centric nature. The rogue state is heavily relying on Monero (XMR) to fund its dubious operations. Numerous cryptocurrency exchange hacks have been linked to North Korea in the past few years. 

 

DPRK to hold a crypto conference this month.

The Democratic People’s Republic of Korea will hold the annual crypto and blockchain conference at the end of this month. However, the UN has flagged the conference as a violation of its sanctions and warned people against attending it. Earlier, a former ethereum researcher, Virgil Griffith, was arrested because he attended a similar conference last year. The federal authorities have accused Virgil of helping the Kin Jong-un regime evade sanctions using cryptocurrencies.

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Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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