News > N Korean hackers stole $1.7 billion from cryptocurrency exchanges

N Korean hackers stole $1.7 billion from cryptocurrency exchanges

News Indian | 02/01/2022 05:34 PM | Click to read full article

The government-backed hackers from North Korea have stolen around $1.7 billion worth of cryptocurrency from different exchanges during the past five years, claim reports published by local South Korean media outlets Chosun and Newsis. North Korea considers cryptocurrency a long-term investment.

Therefore instead of cashing out all the stolen crypto, the government likes to store the assets while a part of the funds is spent on the country’s military supplies.