North Korea Detains Elite State Hackers for Breaching Own Central Banks: Report

North Korean security forces have reportedly detained a network of elite hackers who turned their government-honed skills against the nation’s own financial systems.

The operatives targeted key government banking institutions to divert state assets and move proceeds through digital channels, reports Daily NK.

Former members of a military cyber unit reportedly joined forces with graduates from prominent technical schools to construct the underground operation.

“The ring converted stolen state trade funds into cryptocurrency and smuggled large amounts of foreign currency in border regions, the source said…

The breach struck at the core of North Korea’s financial system. It came from within, carried out by the country’s own IT workforce.”

Participants relied on imported wireless devices and secure messaging applications to avoid scrutiny while shifting funds across borders.

Daily NK says news of the scheme has generated widespread alarm among high-ranking officials, military personnel and academic communities across the country.

“Senior officials in the Reconnaissance and Intelligence General Bureau and in the country’s science and technology education sector are reportedly staying cautious. They worry that responsibility for the scandal could spread to them as well.”

Follow us on X, Facebook and Telegram



Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

&nbsp
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney