North Korea is using and exploiting cryptocurrencies to bypass international regulators and help financially support its regime, a new report has revealed. Researchers from the cyber-threat intelligence firm Recorded Future attributed two separate cryptocurrency scams in 2018 to a network of "North Korea-enablers" in Singapore, both of which were designed to con investors and funnel…
Concerns are growing surrounding Iran’s use of cryptocurrencies like Bitcoin and Monero – and soon, their own native cryptocurrency – to evade economic sanctions put in place by the U.S., prompting FinCEN to issue an advisory on the topic. FinCEN on Iran’s Exploitation of Financial Markets The Financial Crimes Enforcement Network (FinCEN) has issued an…
North Korea is reportedly ramping up the use of cryptocurrencies to evade US economic sanctions. It’s also alleged that the country is developing its own native crypto asset to further assist moving money across borders, according to a duo of financial intelligence analysts from Washington D.C. North Korea Allegedly Uses a Mixer to Launder Money Using…