North Korea is gaining wealth by doing cyberattacks on Cryptocurrency Assets. According to the United Nations (UN) report, North Korea is continuously attacking cryptocurrency companies.
The United Nations (UN) has once again lashed out at North Korea. North Korea, facing starvation and poverty, conducted nine missile tests one after the other since the beginning of this year. In such a situation, the question arose that from where is the money coming to North Korea to do this test. The United Nations has now given its answer. North Korea made big money last year by cyberattacking the cryptocurrency exchange. Experts of a UN intelligence report made this disclosure on Saturday.
Independent UN sanctions watchdogs submitted a report on Friday to the UN Security Council's Sanctions Committee on North Korea
According to a Reuters report, experts wrote, "Although no nuclear tests or long-range intercontinental ballistic missiles (ICBMs) have been tested, North Korea continues to develop the capability to produce nuclear-capable missiles." "
Cyber attack illegal business
Monitors in North Korea say cyber attacks,
and especially cyber attacks on cryptocurrency assets, are becoming a major source of revenue for North Korea, and have learned that North Korean hackers continue to attack financial institutions, cryptocurrency companies and exchanges. are doing."
The report states, “According to a member state, DPRK cyber attackers stole $50 million worth of cryptocurrency by attacking at least three cryptocurrency exchanges in North America, Europe and Asia between 2020 and 2021.
Monitors also cited a report released last month by cybersecurity firm Chainalysis that said North Korea seized nearly $400 million in digital assets in the past year with at least 7 attacks on cryptocurrency platforms. Took.
In 2019, UN sanctions watchdogs reported that North Korea used cyberattacks to create weapons of mass destruction, making nearly $2 billion.
In the past few years, the United Nations Security Council banned North Korea from exporting coal, iron, lead, clothing and seafood, and crude oil and petroleum products.
North Korea, officially known as the Democratic People's Republic of Korea (DPRK), has long been under UN Security Council sanctions against nuclear tests or ballistic missile launches.
"The DPRK continues to maintain and develop nuclear and ballistic missile infrastructure. The DPRK collects materials, technology and information from abroad. This includes cyber methods and joint scientific research," the report said.
North Korea has been under UN sanctions since 2006. In the past few years, the Security Council has tightened these to curb funding for Pyongyang's nuclear and ballistic missile projects. There has been no response from North Korea's mission to the United Nations on this report yet.