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How North Korea became a mastermind of crypto cybercrime

November 15, 2022
Source: arstechnica.com arstechnica.com
News Snapshot:
Created by a Vietnamese gaming studio, Axie Infinity offers players the chance to breed, trade and fight Pokémon-like cartoon monsters to earn cryptocurrencies including the game’s own “Smooth Love Potion” digital token. At one stage, it had more than a million active players. But earlier this year, the network of blockchains that underpin the game’s virtual world was raided by a North Korean hacking syndicate, which made off with roughly $620 million in the ether cryptocurrency. The crypto heist, one of the largest of its kind in history, was confirmed by the FBI, which vowed to “continue to expose and...
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China Tech Buzz Topics: advertising | alliance | bitcoin | blockchain | cash | China | crime | crypto | currency | entertainment | Ethereum | FBI | finance | fintech | hacker | Iran | national security | North Korea | online game | revenue | Russia | Sanctions | Software | United Nations | Vietnam

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