UN Report on North Korea Crypto Theft

UN Report on North Korea Crypto Theft

• The United Nations released a confidential report on North Korea. Confidential means it is not for public viewing and will not be put on the UN website. According to the report, North Korea is stealing cryptocurrencies. The country is using the stolen currency to fund its defence companies. With tremendous technological developments, North Korea created sophisticated cyber techniques. Using these techniques, the country is hacking digital networks that are in the cyber finance industry.
• The report was created by United Nations Security Council
• The funds stolen are used in nuclear and missile programs
• The report was submitted to the North Korea Sanctions Committee. There are 15 members on the committee
• The report says that in 2022, North Korean official hackers have stolen 630 million USD. But it is believed that the stolen money is even more. A private cyber crime agency states that North Korea stole more than 1 billion USD worth of crypto assets!
• Day by day the techniques used by North Korean official hackers are becoming sophisticated

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Published date : 08 Feb 2023 05:34PM