FBI Warns Of A Massive North Korean Bitcoin Cashout
Portfolio Pulse from Murtuza Merchant
The FBI has warned that North Korean hackers are planning to cash out over $40 million in Bitcoin (BTC). The hackers, operating under pseudonyms including TraderTraitor, Lazarus Group, and APT38, have been linked to several significant international cryptocurrency thefts. The FBI is urging businesses in the cryptocurrency sector to inspect blockchain data associated with the listed addresses and to remain vigilant for transactions involving these addresses.
August 23, 2023 | 3:15 pm
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The FBI's warning about North Korean hackers planning to cash out a large amount of Bitcoin could potentially impact the price of Bitcoin in the short term.
The news of a potential large-scale cashout of Bitcoin by North Korean hackers could lead to increased market volatility and potentially a drop in Bitcoin's price in the short term. This is due to the potential increase in supply of Bitcoin in the market, and the negative sentiment surrounding the security of the cryptocurrency.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100