Research finds North Korea sponsored two cryptocurrency scams this year

Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

Recorded Future, a U.S.-based security firm, released a report titled Shifting Patterns in Internet Use Reveal Adaptable and Innovative North Korean Ruling Elite, in which their research team finds two token scams tied to North Korea. Interstellar, not to be confused with the company behind XLM, has been rebranded numerous times and listed/delisted from multiple exchanges, in the process of defrauding investors. Marine Chain coin, supposedly tokenizing maritime vessels, was labeled as fraudulent by the Canadian government. The release of Recorded Future's report follows Group-IB's report that Lazarus, the infamous North Korean cybercrime group, stole $571 million in cryptocurrencies, as reported last week. (Source: Recorded Future

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on