Crypto in North Korea: The $3B Hack Economy You Never Hear About

By Talleyrand | Crypto in war zones | 18 Jun 2025


While the world watches missile tests, North Korea’s real weapon is blockchain malware—funding nukes with stolen crypto, laundering it through DeFi, and turning sanctions into a joke.

 

The Lazarus Heist Playbook

Pyongyang’s cyberwarriors have perfected:

  • Exchange Hacks: $1.7B stolen since 2017 (Chainalysis)
  • DeFi Drainers: $625M vanishing from Ethereum bridges in 2022 alone
  • MacOS Malware: Fake crypto jobs infecting devs’ computers

Their signature move? "Sleepminting"—hijacking crypto projects to print fake tokens, then dumping them before victims notice.

 

How They Launder Nuke Money

  • Russian OTC Brokers: Convert BTC to cash in Vladivostok
  • Chinese Mining Rigs: "Clean" stolen coins via fake hashrate
  • Fake NFTs: Wash funds through generative art projects

A UN investigator admits: "They’re better at crypto than half of Wall Street."

 

Why No One Can Stop Them

  • AI-Enhanced Phishing: Deepfake Zoom calls with "VC investors"
  • Nuclear Blackmail: Stolen funds pay for missiles that extort more hacks
  • Cloud Mining Fronts: Legal-looking operations moving illicit coins

 

The Coming Crypto Cold War

  • ETH Hard Fork Proposals to freeze Pyongyang’s wallets
  • Tracer Coin Experiments that self-destruct if stolen
  • Defectors Revealing insider crypto tactics

This isn’t cybercrime—it’s state-sponsored financial warfare, and blockchain is losing.

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Talleyrand
Talleyrand

I analyze how crypto operates in war zones—bypassing sanctions, funding aid, or fueling conflicts. Real-world cases from Ukraine to Syria, with no propaganda.


Crypto in war zones
Crypto in war zones

I analyze how crypto operates in war zones—bypassing sanctions, funding aid, or fueling conflicts. Real-world cases from Ukraine to Syria, with no propaganda.

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