Crypto Finances North Korea’s Missile Program? UN Thinks So
Per a BBC report, the controversial Democratic People’s Republic of Korea (DPRK) Missile Program has been funded with stolen crypto. The report cites an alleged United Nation’s Sanctions Committee investigation released last Friday. The entity claims that the Asian country has taken millions in digital assets across many years. Related Reading | Hacker Helps Recover […]
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The Department of Justice has indicted three hackers affiliated with the infamous Lazarus Group. On Wednesday, the U.S. Department of Justice announced charges against three North Korean operatives. Making the announcement, Assistant Attorney General John C. Demers condemned the North Korean program, the most famous branch of which is Lazarus Group. Demers said:"North Korea’s operatives, using keyboards rather than guns, stealing digital wallets of cryptocurrency instead of sacks of cash, are the world’s leading bank robbers."With a country largely sequestered from the international....
The redesignation of the crypto mixer essentially replaces the U.S. Treasury’s actions from August, establishing sanctions for its role in “enabling malicious cyber activities." The United States Treasury Department's Office of Foreign Asset Control, or OFAC, has amended the sanctions on cryptocurrency mixer Tornado Cash in addition to including two individuals involved in “transportation and procurement activities” for the Democratic People’s Republic of Korea in its list of Specially Designated Nationals.In a Nov. 8 announcement, the Department of the Treasury said it had “delisted and....
Cyberattacks on cryptocurrency exchanges have been a major source of funds for North Korea in the past year, a United Nations report has unveiled. According to the document, the sanctioned nation has also been developing its nuclear and missile programs. North Korea Hits Cryptocurrency Exchanges, Sanctions Monitors Say Hackers controlled by the Democratic People’s Republic of Korea (DPRK) have continued to target financial institutions and crypto platforms such as exchanges, Reuters reported citing a confidential U.N. report. Its annual edition, produced by independent sanctions....
In recent months, North Korea has stolen over $300 million worth of Bitcoin and other cryptocurrencies via hacking and other sorts of mass cyberattacks. The objective is to fund the isolated state’s illegal nuclear and ballistic missile activities, according to a recent report by France24, quoting a confidential United Nations dossier. Today, that reported is […]
The recent plunge in the value of cryptocurrencies may have wiped out millions from North Korea’s fund comprised of stolen crypto assets. The diminishing value of cryptocurrencies is believed to be affecting Pyongyang’s ability to fund its weapons programs.
Stolen Crypto Assets and North Korea’s Weapons Programs
The recent crash of the crypto market may have wiped out millions of dollars in value from North Korea’s fund of stolen cryptocurrency, digital asset investigators have said. The drop in value of the crypto assets could supposedly threaten....