Chainalysis: North Korean agents posing as crypto developers raise up to $600M a year
- —Annual revenue from the schemes is estimated at $250–600 million
- —DPRK agents embed in crypto firms posing as developers
- —Investigations link Russian nationals to North Korean networks
Why it matters: The scheme is likely to sharpen regulatory scrutiny of crypto firms and raise the bar for employee and counterparty screening.
Source: Coinfomania
More on this
Security · Sep 21North Korean hackers posing as recruiters stole $10.7M in crypto
DeFi · Oct 15Chainalysis: North America crypto economy hits $3T as AI agents drive 138M onchain transactions on Base
Security · Oct 3Chainalysis Investigates North Korea's $387M Crypto Laundering Tied to Bitget Hack