A recent international report warned that North Korea is using and using digital currency to circumvent international sanctions and provide financial support to Kim Jong-un's regime.
According to the Independent newspaper, researchers from the company "Recurrent Future" for digital security attributed the two scams in the digital currency market in 2018 to a network linked to North Korea in Singapore.
The two networks, which worked separately, were trying to trick investors and divert funds to the isolated communist republic, the source said.
Earlier, digital and security reports said North Korean pirates had attacked a South Korean bank specializing in digital currency and stole $ 72 million from it.
As part of the North Korean effort to take advantage of digital currencies, Pyongyang in 2017 invited foreign experts to the country to give lectures on the new currency.
Analysts believe that the massive rise in value created during 2017 made it a tempting target for North Korea, which suffered a stifling isolation due to international sanctions imposed on it because of its nuclear weapons and missile programs.
North Korean leader Kim Jong-un held a historic summit with US President Donald Trump in Singapore last June, but Washington demanded full nuclear disarmament on the Korean Peninsula before sanctions against Pyongyang were lifted.
