How involved is Kim Jong Un with cryptocurrency?

Nobody knows for sure, but North Korea is pretty involved with cryptocurrency. As we all know, Kim Jong Un is practically North Korea. There are even rumors that Kim is behind Bitcoin and other cryptos’ wild price swings.

Years of crippling economic sanctions and pressure from proximal governments have forced North Korea to develop creative strategies for circumventing financial restrictions to further military hardware acquisition and other power-play capital. In its efforts to build an effective deterrent to what it perceives as external threats to its existence, North Korea has landed on a relatively straightforward path to overcoming these onerous restrictions: bitcoin.

The creative strategies employed by North Korea to leverage cryptocurrency came to the fore in February 2021 when federal authorities announced that "three North Korean computer programmers have been indicted for conducting a series of cyberattacks to attempt to steal and extort more than $1.3 billion in cash and cryptocurrency from financial institutions and companies."

According to the Department of Justice, the programmers were part of a North Korean military intelligence agency with a history of nefarious dabblings. The same attachers had attempted to create and market a fraudulent blockchain platform, called the Marine Chain Token, in 2017 and 2018.