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James Jin Kang, Adjunct Lecturer, Computing and Security, Edith Cowan University

North Korea's nuclear program is funded by stolen cryptocurrency. Could it collapse now that FTX has?

朝鮮通信社/AP

Since the world’s second-largest crypto exchange, FTX, declared bankruptcy earlier this month, the flow-on effects have been felt far and wide.

But among the many victims are also some not-so-innocent parties. For the Democratic People’s Republic of Korea, a country facing heavy sanctions, cryptocurrency theft has been a (relatively) simple way to fund the country’s expanding nuclear arsenal.

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