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Learning & News => News related to Crypto => Topic started by: newshunter on June 30, 2022, 07:00:27 AM

Title: Crypto market crash wipes out millions from North Korea's stolen crypto funds
Post by: newshunter on June 30, 2022, 07:00:27 AM

Crypto market crash wipes out millions from North Korea's stolen crypto funds

While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds.

Source: Crypto market crash wipes out millions from North Korea's stolen crypto funds (https://cointelegraph.com/news/crypto-market-crash-wipes-out-millions-from-north-korea-s-stolen-crypto-funds)

Would appreciate your opinion about this

Title: Re: Crypto market crash wipes out millions from North Korea's stolen crypto funds
Post by: Alcor on June 30, 2022, 08:59:08 AM

These losses are relative, as are the losses of all participants in the cryptocurrency market. Of course, the price and capitalization of all cryptocurrencies have now fallen significantly as a result of the onset of the crypto winter, which is now in its eighth month. But we know that the period of recession in this market after some time will definitely be replaced by a period of its growth. If we do not sell our cryptocurrency at the current low prices during the crypto winter, then after the market recovers, the threat of current losses will disappear.
Thus, if the North Korean hackers do not sell the stolen cryptocurrency now and keep it until the next market growth period, then they will not suffer any losses.