North Korean Hackers Jailed for Years of Heists and Scams

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Cryptocurrencies

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The indictment outlines how the North Koreans—specifically Kim Il—made plans to launch a cryptocurrency token scheme called Marine Chain, which would sell a blockchain-based stake in marine vessels including cargo ships. According to the British think tank the Royal United Services Institute, Marine Chain was identified by the United Nations as a North Korean sanctions-evasion scheme in 2018; it's not clear if it ever got off the ground.