U.S. orders Chinese-backed crypto miner to sell land near nuclear missile base
NBCMAY 15 2024
Report: North Korea Laundered $147.5M in Stolen Crypto
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The Spin
Pro-establishment narrative
North Korea's regime discovered illicit crypto activities as a means to finance its nuclear ambitions and circumvent UN sanctions. The money laundering techniques and sophistication with which Pyongyang seeks to evade detection have increased. However, the US is hitting back by sanctioning crypto-mixers used for their clandestine operations. If crypto companies are now also taking cybersecurity and risk management more seriously, Pyongyang will have a serious problem.
Establishment-critical narrative
The US government and its oligarchs have been warning about state-sponsored financial cyberattacks for years, but their goal isn't to protect our wallets. With countries like North Korea as the scapegoat, Western banks, corporations, and think tanks will work to convince the public that they need a centralized digital currency system to "protect" them. In reality, the ruling class simply wants more control over our money to enrich themselves.