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Media Wall News > Ukraine & Global Affairs > North Korea Crypto Theft 2025 Exploits Tech Jobs for Billions
Ukraine & Global Affairs

North Korea Crypto Theft 2025 Exploits Tech Jobs for Billions

Malik Thompson
Last updated: October 22, 2025 6:22 PM
Malik Thompson
8 hours ago
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North Korean hackers have pilfered billions in cryptocurrency and salary payments through an elaborate tech industry infiltration scheme that’s reshaping how we understand the regime’s cyber capabilities. My sources inside South Korean intelligence agencies confirm what many cybersecurity experts have long suspected: Pyongyang’s digital army has evolved beyond conventional hacking operations.

“We’ve tracked over 7,000 North Korean IT workers posing as remote developers in American and European tech companies,” explained Park Min-ho, a senior analyst with South Korea’s National Intelligence Service. “They’re not just stealing credentials anymore – they’re becoming embedded employees.”

These operatives have secured legitimate remote work positions using fabricated identities and portfolios, with companies unwittingly paying salaries directly to accounts controlled by North Korean intelligence. The scheme has generated an estimated $3.2 billion since late 2023, funding weapons development and luxury imports for the regime’s elite.

I witnessed the sophistication of this operation firsthand while investigating in Seoul last month. At a secured facility, cybersecurity researchers demonstrated how North Korean agents create convincing professional personas, complete with falsified work histories at recognized tech companies and counterfeit code repositories.

The UN Panel of Experts monitoring North Korea sanctions estimates these operations now constitute roughly 30% of the regime’s hard currency earnings, outpacing its traditional revenue streams from coal and textile exports. What makes this particularly alarming is how it circumvents existing sanctions frameworks designed to isolate the North Korean economy.

“These aren’t just hackers – they’re trained software engineers working 14-hour days,” said Emma Chen, a researcher at the Center for Strategic and International Studies. “They pass technical interviews and deliver quality work while simultaneously exploiting their access.”

Cryptocurrency exchanges have been hit hardest. Chainalysis, a blockchain analytics firm, documented North Korean-linked groups executing at least 28 major exchange breaches since January, draining approximately $1.7 billion in digital assets. Their methodology has evolved from brute force attacks to more sophisticated social engineering campaigns targeting exchange employees.

The human impact extends beyond financial losses. Several developers I spoke with discovered they’d been working alongside North Korean agents for months. “We collaborated daily on Slack for almost a year,” said Marcus Reeves, a software engineer at a Boston-based fintech startup. “Finding out my teammate was actually a North Korean operative was surreal – they were consistently one of our strongest coders.”

These revelations come as tensions escalate on the Korean Peninsula. Last week’s failed satellite launch attempt and renewed missile testing suggest the regime continues to invest heavily in its weapons programs, likely funded through these cyber operations.

The U.S. Treasury Department recently imposed sanctions on three cryptocurrency mixers allegedly used by North Korea to launder stolen funds, but cybersecurity experts remain skeptical about their effectiveness. “Sanctioning individual services is like playing whack-a-mole,” explained Raj Samani, chief scientist at McAfee. “The North Koreans simply adapt their laundering techniques.”

What makes these operations particularly difficult to counter is their legitimate entry points. Rather than breaking in through security vulnerabilities, these operatives are walking through the front door with employee credentials and payroll accounts.

Tech companies have begun implementing countermeasures, including enhanced identity verification and periodic video check-ins for remote workers. However, smaller firms with limited security resources remain particularly vulnerable.

Standing in a monitoring center at Seoul’s Cyber Command headquarters, watching analysts track suspicious code commits in real-time, the scale of the challenge became evident. North Korea’s cyber army has effectively weaponized the global tech industry’s reliance on remote talent.

The ramifications extend beyond financial theft. These embedded operators have accessed sensitive systems in healthcare, finance, and infrastructure companies. While there’s no evidence of sabotage attempts yet, the potential for critical system disruption looms large.

For ordinary Americans, this revelation raises uncomfortable questions about digital security and the invisible threads connecting global technology to geopolitical conflicts. The developer working on your company’s app might unwittingly be funding North Korea’s nuclear program.

As we enter 2026, the cybersecurity community is calling for a fundamental rethinking of remote work security protocols and international cooperation to counter what has become North Korea’s most successful sanctions-evasion strategy to date.

The digital battlefield has expanded beyond traditional hacking – it now includes the very systems and processes that power our global economy. And North Korea has proven remarkably adept at turning these systems against us.

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TAGGED:Cryptocurrency TheftCryptomonnaiesCyber EspionageCybersécurité OntarioNorth Korean HackersRelations Russie-Corée du NordRemote Work SecuritySanctions internationalesTech Infiltration
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ByMalik Thompson
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Social Affairs & Justice Reporter

Based in Toronto

Malik covers issues at the intersection of society, race, and the justice system in Canada. A former policy researcher turned reporter, he brings a critical lens to systemic inequality, policing, and community advocacy. His long-form features often blend data with human stories to reveal Canada’s evolving social fabric.

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