The Daily Dose

North Korea has obtained some $670 million in virtual and fiat currency in a bid to bypass economic sanctions put in place as a result of its nuclear and missile programs. The country amassed the funds through cyber attacks, Nikkei says citing an expert panel reporting to the UN Security Council. In its report, the panel recommended that UN member states “enhance their ability to facilitate robust information exchange on the cyber attacks by the Democratic People’s Republic of Korea with other governments and with their own financial institutions.” The details The country is thought to have carried out the attacks on foreign…

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Australian federal police (AFP) have arrested two men connected to a cryptocurrency-fused drug syndicate operating in Melbourne. According to a statement, AFP agents executed a string of search warrants yesterday, seizing steroids, Australian currency, and “cryptocurrency-related items.” In particular, a 27-year-old-man was arrested and charged with playing a key role in the alleged drug importing and trafficking enterprise. He was found in possession of approximately 30 kilograms of illegal drugs, including ketamine, cocaine, methamphetamine, and MDMA, and will be facing multiple counts that carry a maximum life sentence. A separate government body suspended the registration of two cryptocurrency exchange businesses where…

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