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UN report reveals North Korea-linked cryptocurrency hacks worth $3 billion

UN report reveals North Korea-linked cryptocurrency hacks worth $3 billion

CointimeCointime2024/03/21 11:53
By:Cointime

According to a United Nations Security Council study, North Korea-linked cryptocurrency hacks amounted to $3 billion between 2017 and 2023. The report revealed that a UN Security Council panel is investigating 17 crypto heists in 2023, which were valued at over $750 million and may have been carried out by North Korea. The study also found that North Korea obtains around 50% of its foreign currency income from cyber attacks, which are used to fund its weapons programs. The report identified North Korea as the world's most prolific cyber-thief and stated that the country has been targeting the crypto industry to evade sanctions. Additionally, cybersecurity firm Recorded Future estimated that North Korea-linked hacker organization Lazarus Group had stolen $3 billion in cryptocurrency over the past six years.

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