Recent speculations have arisen among Crypto traders about North Korea siphoning crypto and fiat valued at about $2 billion. These speculations were sparked by the rumours of Kin Jong-un's death and data from the UN (United Nations) seems to corroborate these speculations. The stolen funds were believed to be from financial establishments and crypto exchanges.
Over the years, there have been many accusations of the country perpetrating several high-level online money heists just to provide funding for its military operations.
A Russian blog known as Russian Market seems to believe that the news of Kin Jong-un illness could result in BTC's price fall if a new official comes into power and decides to sell off all the crypto the country has amassed. On the other hand, Alex Kruger, the economist stated that investors have nothing to worry about the illness of Kim Jong-un.
With all the rumours going around, South Korean intelligence, however, stated that the North Korean leader is still hale and hearty.
Well, regardless of whatever is going on, the Kim's dynasty is set to remain as the next in line to take up the throne is Kim Yo-jong, Kim Jong-un's sister. She'll be the first female to rule North Korea.
Source: Dailyhodl
