- Dec 26, 2024
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US Crypto Startup Loses $900,000 to North Korean Operatives
In a striking example of cybercrime intersecting with international espionage, four North Korean nationals have been indicted for defrauding an Atlanta-based cryptocurrency startup of nearly $1 million. Announced by the US Department of Justice on July 1, 2025, as part of its DPRK RevGen: Domestic Enabler Initiative, this case highlights the sophisticated tactics used by state-sponsored actors to exploit the rapidly growing cryptocurrency industry. This article explores the details of the scheme, its broader context, other tactics employed by North Korean hackers, and the implications for the crypto sector.
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