Crypto exchanges in South Korea are vulnerable to North Korean efforts to evade international sanctions and finance its nuclear programmes via cyber attacks . With the latter feeling the threat of sanctions , it has identified digital assets as a means of raising funds , according to a report by UK security think tank Royal United Services Institute . North Korea, for example, could seek to convert illicitly gained digital assets into fiat currencies such as the U.S. dollar, euro, and yuan, the authors said. It pointed to North Korea ’s 2017 hijacking of South Korea ’s crypto market , and the 2017 Russian global ransomware attack . Limited regulation throughout southeast Asia ’s cryptocurrency sector makes it vulnerable , with the region ’s banks already a target of North Korea ’s hackers .
Crypto exchanges in South Korea are vulnerable to North Korean efforts to evade international sanctions and finance its nuclear programmes via cyber attacks . With the latter feeling the threat of sanctions , it has identified digital assets as a means of raising funds , according to a report by UK security think tank Royal United Services Institute . It pointed to North Korea ’s 2017 hijacking of South Korea ’s crypto market , and the 2017 Russian global ransomware attack . Limited regulation throughout southeast Asia ’s cryptocurrency sector makes it vulnerable , with the region ’s banks already a target of North Korea ’s hackers .