North Korea has financed its nuclear and ballistic missile programmes with earnings from cyberattacks on cryptocurrency exchanges, according to Reuters, citing a classified United Nations (U.N.) assessment.
“According to a member state, DPRK cyber actors stole more than US$50 million from at least three cryptocurrency exchanges in North America, Europe, and Asia between 2020 and mid-2021,” Reuters reported citing the United Nations study.
Independent sanctions monitors presented the report to the United Nations Security Council’s North Korea sanctions committee on Friday evening.
Chainalysis, a blockchain forensics company, has reported that North Korean state-sponsored hackers stole about US$400 million in cryptocurrencies from at least seven assaults last year.
According to the United Nations assessment, North Korea generated US$2 billion in 2019 via cyberattacks to build weapons of mass devastation. North Korea launched nine ballistic missiles in January, the most in a single month by the hermit state.
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