North Korea turns out to be the hub of crypto crime: Coincub.com report
North Korea, a nation led by the infamous dictator Kim Jong-un is the hub of crypto crime, as per a new report from Coincub.com, a platform that offers bespoke information, guidance, and analysis on the workings of the crypto economy for both new and experienced crypto investors.
North Korea and crypto crimes
For a long time, authorities have been convinced that a major revenue stream for the nation comes from crimes related to cryptocurrencies and other related activities. This proved to be true, and as per a press release, around 7,000 hackers have raised funds for the Democratic People's Republic of Korea (DPRK) through a series of profitable cyberattacks.There are over 15 documented instances of crypto crime in North Korea and the loss is estimated at $1.59 billion. Interestingly, the US and Russia are ranked 2nd and 3rd in the ranking, where the former has 14 incidents of documented crypto crimes amounting to a total loss of over $2 billion, while the "sheer amount of ransomware coming out of Russia" has given it the 3rd place.
"Large-scale fraud, exchange hacks, and Ponzi schemes mean that China places fourth on Coincub's crypto crime ranking. China also leads in fraud profits, with an 18% share of the world's crypto crime volume," the statement added.
The UK ranks 5th
While North Korea, the US, Russia, and China have acquired the top 4 positions, the fifth position has been awarded to the United Kingdom. The press statement claims that the U.K. is a "global hub for crypto fraud as lax corporate regulations allow fraudsters to obfuscate the source and destination of funds."In 2021, over 7,118 cases of crypto fraud were noted in the nation, and it seems that the upcoming regulations might reduce this number by a significant amount.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
