Part 2 of 2 – If fortune favors the brave, then North Korea is certainly making a name for itself in the world of crypto; in 2023, hackers linked to the DPRK stole an equivalent of $600 million in global virtual currency. This week, host Elisa is joined by Sujit Raman, Chief Legal Officer at TRM labs. Together, they discuss how North Korea has a documented role in stealing global crypto assets over recent years, and whether broader penalties like sanctions might have any effect.

Sujit Raman is the Chief Legal Officer at TRM Labs:https://docs.google.com/document/d/1mNu3rQ1jZUGGi934L-FS-R1wbNP3mxc9/edit?usp=share_link&ouid=115287310253365681610&rtpof=true&sd=true

References:

Cryptocurrency Enforcement Framework. Department of Justice, 2020:https://www.justice.gov/archives/ag/page/file/1326061/download

Markets in Crypto Assets Regulation (MiCA):https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica

“North Korean Hackers Stole $600 Million in Crypto in 2023: Trm Insights.” RSS: www.trmlabs.com/post/north-korean-hackers-stole-600-million-in-crypto-in-2023

“U.S. Treasury Sanctions North Korean Cyber Intrusion Group Kimsuky: Trm Insights.” RSS:www.trmlabs.com/post/us-treasury-sanctions-north-korean-cyber-intrusion-group-kimsuky

“North Korean Threat Actors Continue to Target Cryptocurrency Businesses: Trm Insights.” RSS:www.trmlabs.com/post/north-korean-threat-actors-continue-to-target-cryptocurrency-businesses