Geneva, First Published Feb 7, 2022, 5:57 PM IST
Geneva: According to a new UN report, North Korea’s involvement in cryptocurrency exchange attacks is clear. This was reported by Reuters quoting a secret UN report. According to the report, North Korea is now making money through cryptocurrency exchange attacks.
According to the report, financial institutions, cryptocurrency institutions and exchanges are constantly being attacked by North Korean hackers. According to Reuters, the report contains information that confirms this.
North Korea has reportedly stolen $ 50 million worth of cryptocurrency from three cryptocurrency exchanges in North America, Europe and Asia after 2020 through cyber attacks. North Korea has reportedly carried out at least seven attacks targeting cryptocurrency exchanges in 2021. Reuters also cites a report released last month by cybersecurity firm Chain Analysis.
The main UN report suggests that North Korea is using the money to develop intercontinental ballistic missiles.
A similar allegation was made in a report released last week by blockchain research firm Chinesealis.
The report states that the North Korean hacker army carried out seven attacks on cryptocurrency platforms in 2021. The group is said to have robbed cryptocurrency investors globally and seized $ 400 million.
The robbery was carried out by a hacker army controlled by the Kim Jong Un regime in North Korea. According to the Chinese analysis report, the attack targeted investment firms and centralized exchanges. Theft has increased by 40% over the previous year.
The discovery of Chineseism underscores Kim Jong Un’s faith in his country’s hacker army. The United States and the United Nations say North Korea is using the money it earns from cybercrime to boost its economy. North Korea is embroiled in a global embargo following its atomic bomb and long-range missile tests.
Last Updated Feb 7, 2022, 5:57 PM IST
