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How North Korea Launders Billions in Stolen Crypto

The Hermit Kingdom, which intelligence agencies say was behind the $1.5 billion Bybit hack, faces “offramping” challenges due to the size of its hauls.

Updated Mar 13, 2025, 2:59 p.m. Published Mar 7, 2025, 8:02 p.m.
Kim Jong-un, supreme leader of the Democratic People's Republic of Korea (Credit: Alexander Khitrov/Shutterstock)
Kim Jong-un, supreme leader of the Democratic People's Republic of Korea (Credit: Alexander Khitrov/Shutterstock)