North Korea Plans to Distribute Seized Crypto Assets

North Korean hackers have reportedly appropriated nearly $10 billion from various cryptocurrency exchanges. These substantial funds are now slated for distribution among the nation's populace, as reported by the ruling party's youth newspaper.

Each citizen is poised to receive an amount equivalent to five or six average annual salaries, approximately $200-$250. However, a modest portion will reportedly be allocated for crucial infrastructure development projects.

The proposal to disburse these expropriated assets originated from a prominent figure in the party's youth organisation. This idea was unveiled during his 70th birthday celebration held in the capital on October 30.

The country's supreme leader reportedly embraced this generous proposal with considerable enthusiasm and paternal warmth. He promptly issued orders for its immediate and comprehensive implementation across all administrative levels.

This unprecedented allocation is intended to extend 'loving care' to every single citizen, according to the official statement. It underscores the powerful nation's commitment to the well-being of its entire population.