UN says half of North Korea’s foreign currency gains came from hacks, crypto attacks: reports | Headlines | News | CoinMarketCap

03/21/2024 13:15
UN says half of North Korea’s foreign currency gains came from hacks, crypto attacks: reports | Headlines | News | CoinMarketCap

The United Nations Security Council said Thursday that North Korea got around 50% of its foreign currency gains from cyberattacks, including those on …

The United Nations Security Council said Thursday that North Korea got around 50% of its foreign currency gains from cyberattacks, including those on cryptocurrency companies, South Korea’s Yonhap news agency reported Friday, citing a UN report.

The UN Security Council’s report, which assessed 58 suspected cyberattacks on crypto-related firms from 2017 to 2023, stated that North Korean hacks caused losses equivalent to $3 billion, according to Yonhap. The siphoned funds were then used by North Korea to fund around 40% of the costs of developing weapons of mass destruction, the report said.

While the UN report does not hold authority on its own, the global security body may follow up with additional sanctions on North Korea, Japan’s Nikkei reported Friday.

The latest UN report aligns …

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