North Korea’s Alleged $3 Billion Crypto Cyberattack Revealed in UN Report

North Korea’s Alleged $3 Billion Crypto Cyberattack Revealed in UN Report

UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program The United Nations (UN) sanctions monitors allege that North Korea engaged in cyberattacks to steal $3 billion in crypto assets, which funded the country’s weapons development. Despite sanctions, North Korea continued to enhance its nuclear arsenal and conduct ballistic missile launches. They … Read more

California School District Officials Admit Guilt in $1.8 Million Crypto-Mining Scandal

California School District Officials Admit Guilt in $1.8 Million Crypto-Mining Scandal

Criminals Behind $2M School Theft Admit Guilt: Crypto Mining Scheme Uncovered Two California school district officials, Jeffrey Menge and Eric Drabert, have pleaded guilty to stealing up to $1.8 million and using school district property and electricity to operate a crypto-mining operation. They used a Nevada-based company as a front for the scheme and engaged … Read more

2023 Crypto Market Sees Decline in Illicit Activity and Scamming – Chainalysis Report

2023 Crypto Market Sees Decline in Illicit Activity and Scamming – Chainalysis Report

Down Big: Crypto Scamming Numbers Reduced In 2023 In 2023, the crypto market faced challenges at the beginning of the year but saw a recovery with increased bullish sentiment. There was a decrease in crypto scamming and illicit activity, with a significant drop in value received in cryptocurrency addresses used for illicit activities. The report … Read more