ZachXBT: North Korean Developers Have Received $165 Million in Crypto Payments This Year
2025/07/02 12:57According to a report by Jinse Finance, crypto investigator ZachXBT stated that North Korean developers have received $165 million in payments from the crypto sector this year, with monthly payments ranging from $3,000 to $8,000. This suggests their involvement in 345 entry-level positions or 920 senior roles. These individuals refuse to meet with local colleagues and frequently refer each other for project roles or change their Github usernames. Token flow analysis indicates that a certain exchange is involved in these transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
About 700,000 BTC have flowed out of exchanges in the past year.
Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.