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North Korea May Have Hoarded $200 Million Worth Of Bitcoin, Says Expert

Former United States National Security Agency (NSA) officer, Priscilla Moriuchi had recently said in an interview that she believes North Korea has a stockpile of bitcoins which came from hacking or mining. According to her, if the said stockpile had been discharged during the time of peak bitcoin prices during December last year, this would have equalled to at least 210 million USD.
Moriuchi who now works for Recorded Future, a cyber threat intelligence firm, thinks that North Korea has been trying to boost up their economy by inserting cash into it through virtual coin markets. This is highly-plausible considering all the international sanctions that are damaging the country’s economy. She also speculates that they are turning these digital currencies into physical goods or some fiat currency which will then finance their ballistic and nuclear missile program.
This claim is further supported by past cases wherein the country has been suspected of major cyber attacks all over the world. One example took place last December when United States Intelligence agencies confirmed that the WannaCry ransomware attack was something North Korea was responsible for. The said attack affected 230,000 companies from more than 150 countries. Another one was about the alleged stealing of North Korean hackers from the Bank of Bangladesh in 2013.
Despite all these allegations, North Korea firmly denies everything.

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