Cryptocurrency Theft Remains Key Revenue Source for North Korea, UN Report Says – Bitcoin News

) have continued to target financial institutions and crypto platforms such as exchanges, Reuters reported citing a confidential U.N. report.

Back in 2019, the U.N. sanctions monitors announced that North Korea had accumulated an estimated $2 billion through increasingly sophisticated cyberattacks. The digital money was allegedly used to finance its weapons of mass destruction programs. Their latest report notes: Although no nuclear tests or launches of ICBMs [intercontinental ballistic missiles] were reported, DPRK continued to develop its capability for production of nuclear fissile materials.

The authors are convinced that maintenance and development of North Korea’s nuclear and ballistic missile infrastructure hasn’t stopped. They also point out that the country, which has been under U.N. sanctions since 2006, has accelerated its ballistic missile testing, having carried out nine launches in January, which is the largest monthly number to date.

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EXCLUSIVE North Korea grows nuclear, missiles programs, profits from cyberattacks -U.N. reportNorth Korea continued to develop its nuclear and ballistic missile programs during the past year and cyberattacks on cryptocurrency exchanges were an important revenue source for Pyongyang, according to an excerpt of a confidential United Nations report seen on Saturday by Reuters. Nuclear technology is not something new! How long was it discovered? Sooner Iran will have its nuclear weapons. BTW how would NK profit from Cyberattacks? BITCOIN? Isn't it going down? Let's not forget CN-RUS who also helping their economy.
Source: Reuters - 🏆 2. / 97 Read more »