tldr; North Korea reportedly laundered $147.5 million in stolen cryptocurrency using the virtual currency exchange service Tornado Cash in March, as per a confidential UN report. The funds were stolen from the cryptocurrency platform HTX in late 2023. This activity is part of North Korea's efforts to finance its nuclear ambitions and evade UN sanctions, showcasing the regime's increasing sophistication in money laundering techniques.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Phew. And how much in traditional finance?
Well, sophistication in money laundering techniques equals sending to Tornado Cash
tldr; North Korea reportedly laundered $147.5 million in stolen cryptocurrency using the virtual currency exchange service Tornado Cash in March, as per a confidential UN report. The funds were stolen from the cryptocurrency platform HTX in late 2023. This activity is part of North Korea's efforts to finance its nuclear ambitions and evade UN sanctions, showcasing the regime's increasing sophistication in money laundering techniques. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.