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Marine Chain Turned Out to Be North Korean Crypto Scam

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

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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