MacMusic  |  PcMusic  |  440 Software  |  440 Forums  |  440TV  |  Zicos
north
Search

North Korea Stole Millions in Cryptocurrency to Fund Its Missile Program, Says UN Report

Monday February 7, 2022. 01:34 AM , from Slashdot
North Korea funded its missile programs with millions of dollars in stolen cryptocurrency, reports the BBC, citing a new UN report:

Between 2020 and mid-2021 cyber-attackers stole more than $50m (£37m) of digital assets, investigators found. Such attacks are an 'important revenue source' for Pyongyang's nuclear and ballistic missile programme, they said. The findings were reportedly handed to the UN's sanctions committee on Friday.

The cyber-attacks targeted at least three cryptocurrency exchanges in North America, Europe and Asia.

The report also referenced a study published last month by the security firm Chainalysis that suggested North Korean cyberattacks could have netted as much as $400m worth of digital assets last year. And in 2019, the UN reported that North Korea had accumulated an estimated $2bn for its weapons of mass destruction programmes by using sophisticated cyber-attacks....

The US said on Friday that North Korea — formally known as the Democratic People's Republic of Korea (DPRK) — carried out nine missile tests last month alone.

Read more of this story at Slashdot.
https://yro.slashdot.org/story/22/02/07/0026227/north-korea-stole-millions-in-cryptocurrency-to-fund...
News copyright owned by their original publishers | Copyright © 2004 - 2024 Zicos / 440Network
Current Date
Mar, Fri 29 - 12:35 CET