Internet Use in North Korea Surges 300% Boosted by Cryptos
Main page News, North Korea, Cryptocurrency
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Feb. 12, 2020

According to a study conducted by Insikt Group, the intelligence division of the US-based cyber security firm Recorded Future, Internet use has risen dramatically by 300% over the last 3 years boosted by cryptos.

According to the study, titled "How North Korea Revolutionized the Internet as a Tool for Rogue Regimes," this spike in the use of the Internet is associated with cryptocurrencies, which are increasingly being used by the country's regime to carry out several activities, including the transfer and use of illegally obtained funds.

According to the study, which analyzed the Internet activity of North Korea's top leaders between January 1, 2019 and November 1, 2019, the Internet is used as a strategic weapon by the country's political and military elite to carry out hacks of crypto exchanges, scams, cryptojacking and crypto mining.

The country's regime has turned to cryptocurrencies to evade international sanctions in order to finance its activities. For instance, last month iHodl reported North Korea was stealing cryptocurrencies through Telegram groups.

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