North Korean Hacking Training System Exposed, Successful Operations Yield Up to 30% of Funds
North Korea has developed a hacking force, considered its secret weapon, through over a decade of incentives and selection processes. The selection can start as early as middle school at around eleven or twelve years old, with approximately 150 to 200 outstanding students chosen each year to study computer science. After turning seventeen, the best candidates enter top universities for further screening, with a few joining military cyber units, where training includes cryptocurrency protocols and reverse engineering. Those not selected are often trained to write software remotely for Western companies. Successful hacking operations can allow the affiliated units to receive up to about 30% of the stolen funds in USD, and they may also receive benefits such as housing and arranged marriages provided by Pyongyang. The South Korean National Intelligence Service estimates that there are about 8,400 personnel involved in North Korea's cyber warfare. Binance has pointed to the North Korean-linked organization TraderTraitor as responsible for the theft of approximately $6.3 billion from the world's largest cryptocurrency exchange, Binance, last month, which Pyongyang has denied.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Progress in US-Iran Nuclear Talks Allows Iran to Retain 3.67% Enriched Uranium

Alaska Introduces Blockchain Tokenization for AI Data Centers

BitcoinHabebe Discusses AVA Token Market Demand and Strategic Reserves

Trump Warns AI Company CEOs of Criminal Prosecution

Nixo sues Ethereum Foundation, Vitalik Buterin over 'suicide pledge' claim

FATF Plans Closer Scrutiny of Countries With Weak Virtual Asset Controls

Stellar Foundation Backs Marketnode to Expand Tokenized Funds Across Asia-Pacific

Former Binance Investigator Claims Management Ignored Iran Account Inquiry

China unifies blockchain and AI filings as two old systems close

NEAR Intents Integrates with Talos to Support Cross-Chain DeFi Liquidity

Kraken Co-CEO Says Bitcoin Has Emerged from Bear Market

Cathie Wood Believes We Are Not at the End of the AI Bull Market

唐华斑竹: Gate Launches PoSEC Fund Security Certification

Five Situations Affecting Blockchain Filing Identified by Cyberspace Administration

US and Iran Consider $8 Billion Deal to Reopen the Strait of Hormuz

Dubai International Financial Centre Court Proposes On-Chain Judgment Enforcement Framework

Robinhood Launches US IPO Subscription Service for UK Retail Investors

UAE's Soter Insure Expands Funding Round with Strategic Investors

Nigeria Establishes New Regulations for Cryptocurrency and Stablecoins

Coinbase wins full US banking approval, but with key restrictions

13 of 15 buyback-model tokens outperform BTC in 2023

AI Engineer Develops 1,460 Solutions in 17 Hours, Data Center Expected to Save $227,000 Annually on Electricity Costs

UK Regulator Opens Crypto Permissions Route for Wholesale Banks Ahead of 2027 Rules

G7 Ambassadors Respond to NBU's Position on Cryptocurrency Market Bill

Ankr Cross-Chain Bridge Attack Results in Loss of Approximately $304,500

South Korean Deputy Prime Minister Says AI Data Center Regulation Needs Observation After U.S. Midterm Elections

UBS CEO Points Out AI Stock Pullback as Expected Correction, Election Results May Affect Investment Pace

Analysis of Bitcoin Trends After the Midterm Elections: Three Key Price Levels and Whale Positions

Digital Asset Basic Law Government Proposal to Be Released This Month: How Will Regulations on Coin Issuance and Listing Change?





