North Korea has infiltrated up to 20% of crypto firms, security expert says

• A security expert has warned that North Korea may have infiltrated up to 20% of cryptocurrency firms, highlighting a significant security risk within the industry. Pablo Sabbatella, founder of Opsek and a member of the Security Alliance, made this statement during the Devconnect conference in Buenos Aires, emphasizing the potential for malicious activities linked to these infiltrations.
• The presence of North Korean workers in crypto firms raises alarms about the integrity and security of the cryptocurrency ecosystem. This infiltration could facilitate illicit activities, including money laundering and cybercrime, undermining trust in the sector and potentially leading to regulatory scrutiny.
• This situation reflects broader concerns regarding the intersection of cryptocurrency and national security, particularly as investigations reveal that major exchanges have been exploited for laundering illicit funds. Additionally, allegations involving other crypto firms linked to North Korea and Russia further complicate the landscape, suggesting a growing trend of criminal exploitation within the cryptocurrency market.

— via World Pulse Now AI Editorial System