A record $2 billion allegedly stolen by North Korean hackers over the past year is proof that security and legal compliance are always the market’s weak points. The incident involving the arrest of the country’s former military hackers after they hacked their country’s central bank, then laundered funds through offshore crypto wallets via OTC transactions in China has once again sounded the alarm.
Dirty money is split into smaller amounts and dispersed with sophisticated methods, reflecting why global regulators are tightening oversight more and more. The direct consequence is increasing legal pressure on OTC channels, and security solutions will face heavier strain—potentially indirectly affecting the market’s overall liquidity in the short term.
As a long-time trader, I don’t see this as a time to panic over FUD, but as an opportunity to re-examine how to protect your own assets. Prioritize using secure storage methods and always place risk management at the top before any market fluctuations.
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