Hacked! North Koreas Billion-Dollar Crypto Heisting Scheme
Contents
Penn State Journal of Law & International
Affairs
Volume 12
Issue 2
October 2024
Hacked! North Korea's Billion-Dollar Crypto Heisting Scheme
Kole Zellers
Follow this and additional works at: https://insight.dickinsonlaw.psu.edu/jlia
Part of the International and Area Studies Commons, International Law Commons, International Trade
Law Commons, and the Law and Politics Commons
ISSN: 2168-7951
Recommended Citation
Kole Zellers, Hacked! North Korea's Billion-Dollar Crypto Heisting Scheme, 12 PENN. ST. J.L. & INT'L AFF.
(2024).
Available at: https://insight.dickinsonlaw.psu.edu/jlia/vol12/iss2/10
The Penn State Journal of Law & International Affairs is a joint publication of Penn State’s School of Law and
School of International Affairs.
Penn State
Journal of Law & International Affairs
2024
VOLUME 12 NO. 2
HACKED! NORTH KOREA’S BILLIONDOLLAR CRYPTO HEISTING SCHEME
By: Kole Zellers*
TABLE OF CONTENTS
I. INTRODUCTION ................................................................................... 261
A. North Korea: A Hacker’s Success Story............................. 264
B. Thwarting Crypto Heists: A Modern Approach................ 268
II. BACKGROUND .................................................................................... 269
A. The Meteoric Rise of Cryptocurrency ................................ 269
B. The Evolution of Crypto Regulation: Home and
Abroad................................................................................... 271
C. Dissecting the DPRK: Government, Economy, and
Cyber Infrastructure ............................................................ 280
III. ANALYSIS ........................................................................................... 283
A. …
Affairs
Volume 12
Issue 2
October 2024
Hacked! North Korea's Billion-Dollar Crypto Heisting Scheme
Kole Zellers
Follow this and additional works at: https://insight.dickinsonlaw.psu.edu/jlia
Part of the International and Area Studies Commons, International Law Commons, International Trade
Law Commons, and the Law and Politics Commons
ISSN: 2168-7951
Recommended Citation
Kole Zellers, Hacked! North Korea's Billion-Dollar Crypto Heisting Scheme, 12 PENN. ST. J.L. & INT'L AFF.
(2024).
Available at: https://insight.dickinsonlaw.psu.edu/jlia/vol12/iss2/10
The Penn State Journal of Law & International Affairs is a joint publication of Penn State’s School of Law and
School of International Affairs.
Penn State
Journal of Law & International Affairs
2024
VOLUME 12 NO. 2
HACKED! NORTH KOREA’S BILLIONDOLLAR CRYPTO HEISTING SCHEME
By: Kole Zellers*
TABLE OF CONTENTS
I. INTRODUCTION ................................................................................... 261
A. North Korea: A Hacker’s Success Story............................. 264
B. Thwarting Crypto Heists: A Modern Approach................ 268
II. BACKGROUND .................................................................................... 269
A. The Meteoric Rise of Cryptocurrency ................................ 269
B. The Evolution of Crypto Regulation: Home and
Abroad................................................................................... 271
C. Dissecting the DPRK: Government, Economy, and
Cyber Infrastructure ............................................................ 280
III. ANALYSIS ........................................................................................... 283
A. …