Experts at the British Royal United Services Institute for Defence Studies (RUSI) have found that North Korea increasingly uses existing criminal financial networks—not isolated infrastructure—to launder stolen cryptocurrency.

The routes for moving funds include OTC services, P2P traders, illegal exchanges, mixers, cross-chain bridges, and scam-linked platforms.

According to estimates, from January 2024 to September 2025, the DPRK stole at least $2.8 billion in virtual assets. The report says these funds directly support the program for weapons of mass destruction. The researchers emphasize that the stage of conversion into fiat is studied worse than on-chain laundering.
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