[COVER STORY] North Korea has every incentive to keep stealing crypto, analysts say
The $6.36 billion cryptocurrency heist targeting Binance has exposed a troubling reality for the digital asset industry: North Korea is increasingly exploiting security vulnerabilities to bankroll Pyongyang's military ambitions. The stolen amount is equivalent to 22 percent of North Korea's 2025 gross domestic product, making the attack the largest cryptocurrency theft on record and one of the biggest financial crimes in history. Analysts warned Sunday that it is unlikely to be the last. "We're dealing with sophisticated adversaries who may have substantial resources, years of patience and objectives that extend well beyond financial gain," said Michael O'Loughlin, managing partner of Argonautic Global and board member of Blockchain Ireland. Proceeds from cryptocurrency theft have become an increasingly important source of funding for cash-strapped North Korea, alongside an estimated $22 billion in foreign income generated since 2022 through its support for Russia's war in Ukraine. The stolen funds could help finance its nuclear and ballistic missile programs, as well as efforts to modern
Read full articleMORE NEWS
Queensland’s 28th governor Thomas Bradley sworn in
Court of Appeal judge Justice Thomas Bradley KC will replace Dr Jeanette Young who has been in the role since 2021.
Psychosis linked to ADHD medication on the rise, doctors warn
Diagnosis rates for ADHD have soared, and psychiatrists are warning of the rare but real risk that stimulant treatments can trigger psychosis.
Man City's collectible Noel Gallagher kit plummets from £125 to £24 before Black Friday
Manchester City fans can get more than £100 off the 'Definitely City' fourth shirt complete with collector's box in a pre-Black Friday double deal
Victorian One Nation candidate Matthew Collins who 'never once asked a woman for consent' quits as offensive posts are exposed
A One Nation candidate in the upcoming Victorian state election has been forced to drop out after a series of offensive online comments resurfaced.
Angus Taylor blasts the Albanese government over release of convicted terrorist linked to alleged Bondi gunman: 'Not good enough'
A convicted terrorist has been allowed to walk free from a Sydney jail.
Rachel Reeves joins Labour push to rejoin EU as she says youth 'free movement' scheme has ALREADY been negotiated
Rachel Reeves insisted Britain's 'future lies in the European Union' after Andy Burnham reignited the long-running row.
POLL: Should King Charles apologise for slavery? Buckingham Palace issue new statement
The King will speak to Commonwealth leaders
Mancunian Way closure LIVE as road shut by police with huge emergency response
There has been a 'serious incident'
/file/attachments/orphans/4353553453543_961863.png)
Anwar urges proper care and management of govt funds
PM warns of strict action against those who betray trust placed in them.
Anti-immigration rally in Melbourne turns violent after man allegedly performs Nazi salute at counter-protesters
Melbourne CBD was full of anti-immigration protesters on Sunday as hundreds gathered for the 'March for Australia' rally.
Minor parties steal limelight four weeks out from Victorian election
Promises of safeguards for workers and free dental care have been overshadowed by noisy rallying in the streets on migration.
Grandstand collapses at Gold Coast music festival
The temporary seating was set up on a section of beach in Coolangatta for the Red Hot Summer Tour music festival, headlined by Australian Crawl and Men At Work.
