Last week, CoinDesk's Sam Kessler reported that developers and IT workers employed by the Democratic People's Republic of Korea – i.e. North Korea �

The DPRK's Deep Roots in Crypto

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2024-10-23 23:30:15

Last week, CoinDesk's Sam Kessler reported that developers and IT workers employed by the Democratic People's Republic of Korea – i.e. North Korea – had managed to get themselves hired by a number of crypto projects, giving them two different ways of raising funds for the national regime.

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CoinDesk reporter Sam Kessler found that more than a dozen different crypto companies and projects – including some well-known ones – inadvertently hired developers and IT workers from the Democratic People's Republic of Korea (aka North Korea), something that's troubling on a number of levels for these projects.

North Korea is under heavy sanctions, meaning hiring developers from the country would put a project in violation of U.S. law. It also seems clear that some of these employees enabled the projects they worked for to be hacked.