Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

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North Korea already only gets a fraction of what it steals because it must use brokers willing to convert or buy cryptocurrencies with no questions asked, said Aaron Arnold of the RUSI think-tank in London. A February report by the Center for a New American Security (CNAS) estimated that in some transactions, North Korea only gets one-third of the value of the currency it has stolen. After obtaining cryptocurrency in a heist, North Korea sometimes converts it to Bitcoin, then finds brokers who will buy it at a discount in exchange for cash, which is often held outside the country. "Much like selling a stolen Van Gogh, you’re not going to get fair market value," Arnold said.