North Korea Reportedly Stole Millions Of Dollars In Cryptocurrency To Fund Missile Programs

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cryptocurrency, North Korea

North Korea’s cyber attacks have stolen millions of dollars in cryptocurrency to get money for the country’s missile programs.

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This was revealed by a United Nations report which was released to reporters.

Investigators found out that from 2020 to the middle of 2021, cyber-attackers had stolen over $50 million in digital assets.

They said this type of attack is an important revenue source for Pyongyang’s nuclear and ballistic missile programs.

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On Friday, they gave these findings to the UN sanctions committee.

The cyber attacks targeted at least three cryptocurrency exchanges from North America, Europe, and Asia.

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The report also involved a study by Chainalysis which said North Korea’s cyber attacks made them reach $400m worth of digital assets last year.

And in 2019, the UN reported that North Korea had gathered about 2 billion dollars in cyber attacks so they would pay for their weapons of mass destruction programs.

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The United Nations Security Council had prohibited North Korea from conducting nuclear tests or launching ballistic missiles, but despite the severe sanctions, the country has increased the number of tests and launches it conducts.

On Friday, the US said North Korea, which is the Democratic People’s Republic of Korea (DPRK), had conducted nine missile tests last month alone.

This is as China and Russia refused to say they would not sign a statement condemning the number of missile launches North Korea has conducted on Friday.

On Sunday, however, the US said their special representative in North Korea would meet with Japanese and South Korean officials later in the week.

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This UN report also complained that the humanitarian situation in North Korea is becoming worse. saying it could be because the country had closed its borders during the pandemic.

The report said that because of the lack of information in the country, it would not let them know how it has become worse.

Source: BBC News

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