North Korea Denies Stealing Cryptocurrency to Fund Its Weapon Programs 

Libra Coin News
Mon, 09/02/2019 - 06:33
Alex Dovbnya
North Korea berates the US for attempting to tarnish its reputation
Cover image via U.Today

North Korea states that it didn’t steal crypto to fund its nuclear program. The country brushed off all accusations as "rumors" that are spread by the US.

The United States and other hostile forces are now spreading ill-hearted rumors," North Korea's state-run KCNA news agency reported.

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The DPNK officials further claim that "hostile forces" are vying to tarnish the country’s reputation. 

According to a U.N. study, which was earlier covered by U.Today, North Korea pilfered more than $2 bln worth of crypto and fiat to fund its weapons of mass destruction.

Kim Jong-un's authoritarian regime would target crypto exchanges and financial institutions that are primarily based in the South-Asian region.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.