North Korea's $15 Million Cryptocurrency Fraud Uncovered Within 136 U.S. Firms
North Korea's Crypto Theft Operations: The U.S. Department of Justice has exposed a significant North Korean scheme involving crypto theft, identity fraud, and fake IT workers, resulting in the seizure of $15.1 million in stolen funds linked to major hacks.
Infiltration of U.S. Companies: Four U.S. citizens and one Ukrainian national pleaded guilty to aiding North Korean operatives by selling their identities and allowing them to pose as remote employees, compromising 136 companies and generating over $2.2 million for the regime.
Motivation Behind the Scheme: North Korea's aggressive cyber operations are driven by the need for revenue due to international sanctions, utilizing stolen identities to plant remote workers in foreign firms and steal cryptocurrency.
Escalating Cyber Threat: North Korea has become one of the most successful cybercriminal enterprises, stealing over $2 billion in cryptocurrency by 2025, prompting the U.S. to intensify its efforts to combat these threats.
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Technical Analysis for FORM
Technical Sentiment Analysis for Formation Fi (FORM) As of , Formation Fi (FORM) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FORM stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FORM is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Formation Fi (FORM) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0769 | 0.135 | 0.185 | 0.243 | 0.293 | 0.351 | 0.401 |
| Fibonacci | 0.135 | 0.177 | 0.202 | 0.243 | 0.285 | 0.31 | 0.351 |
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