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How North Korea turns child prodigies into crypto thieves

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How North Korea turns child prodigies into crypto thieves
Photo / Coverage: SCMP - Feed 91Credit: Reuters
EXECUTIVE SUMMARY

North Korea rewards ⁠its top hackers, tasked with heists like the Binance crypto hack that netted a cool US$6.3 ⁠billion, with perks such as spacious apartments in the capital and huge hard currency awards in return for ⁠gruelling hours of work. Leader Kim Jong-un has assembled an army of world-class hackers using such incentives in a programme more than a decade old that picks 200 of the smartest middle school students each year to study computer engineering, defectors and analysts say. A...

Key Takeaways

  • How North Korea turns child prodigies into crypto thieves.

North Korea rewards ⁠its top hackers, tasked with heists like the Binance crypto hack that netted a cool US$6.3 ⁠billion, with perks such as spacious apartments in the capital and huge hard currency awards in return for ⁠gruelling hours of work. Leader Kim Jong-un has assembled an army of world-class hackers using such incentives in a programme more than a decade old that picks 200 of the smartest middle school students each year to study computer engineering, defectors and analysts say. A...

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