Main navigation

Marine Chain Turned Out to Be North Korean Crypto Scam

Advertisement
Fri, 26/10/2018 - 6:21
Marine Chain Turned Out to Be North Korean Crypto Scam
Cover image via U.Today
Read U.TODAY on
Google News

A recently published report by cybersecurity firm Recorded Future suggests that North Korea concocted a cryptocurrency scam in order to provide funds for the country’s totalitarian regime. Marine Chain, marketed as a Blockchain-powered maritime investment marketplace, is actually a bogus website that is meant to lure in gullible investors.

The report concludes that Marine Chain is just a blatant copy of a real website (www.shipowner.io), and one of its IP addresses was previously connected to yet another investment scam. After digging even deeper, it was revealed that the company’s CEO would help North Korea to circumvent Western sanctions. Hence, one can make an obvious conclusion that the raised funds could go directly to Kim Jong-un.

Advertisement

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD