About half of North Korea’s missile program is funded by cyberattacks and theft of cryptocurrencies. Writes about it CNN citing White House spokeswoman Ann Neuberger, who holds the position of deputy adviser for national security, cybersecurity and new technologies.
According to her, US intelligence agencies are working to identify North Korean operatives, and the Treasury Department is tracking the stolen cryptocurrency.
“The presidential administration is spending a lot of time and effort on solving this problem,” the official added.
Neuberger clarified that the amount of stolen cryptocurrencies has increased significantly since July 2022, indicating the use of cybercrime as a key way for the North Korean regime to survive.
At the same time, the newspaper Nikkei reported that since 2017, hackers from the DPRK have stolen cryptocurrencies from accounts opened in Japan in the amount of about $720 million, which is about 30% of the total value of crypto assets stolen by them during this time on the international market.
About $540 million in cryptocurrencies was stolen from Vietnamese citizens, another $497 million from US citizens. At the same time, Japan, according to the publication, tops this list due to the growing popularity of digital currencies in the country and the vulnerability of computer systems of local companies.
Recall, according to the UN, in 2022, North Korean hackers stole a record amount of cryptocurrency and targeted the networks of foreign aerospace and defense companies.
South Korea estimates the damage at $630 million, and cybersecurity experts at more than $1 billion. In turn, Chainalysis analysts talk about about $1.7 billion in cryptocurrencies received as a result of cyber attacks.
The UN has repeatedly warned that North Korea continues to develop its nuclear programs, and funds received from attacks on bitcoin exchanges become their important source of funding. In 2019, UN sanctions monitors reported that the DPRK received about $2 billion for these purposes over several years.
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About half of North Korea’s missile program is funded by cyberattacks and theft of cryptocurrencies. Writes about it CNN citing White House spokeswoman Ann Neuberger, who holds the position of deputy adviser for national security, cybersecurity and new technologies.
According to her, US intelligence agencies are working to identify North Korean operatives, and the Treasury Department is tracking the stolen cryptocurrency.
“The presidential administration is spending a lot of time and effort on solving this problem,” the official added.
Neuberger clarified that the amount of stolen cryptocurrencies has increased significantly since July 2022, indicating the use of cybercrime as a key way for the North Korean regime to survive.
At the same time, the newspaper Nikkei reported that since 2017, hackers from the DPRK have stolen cryptocurrencies from accounts opened in Japan in the amount of about $720 million, which is about 30% of the total value of crypto assets stolen by them during this time on the international market.
About $540 million in cryptocurrencies was stolen from Vietnamese citizens, another $497 million from US citizens. At the same time, Japan, according to the publication, tops this list due to the growing popularity of digital currencies in the country and the vulnerability of computer systems of local companies.
Recall, according to the UN, in 2022, North Korean hackers stole a record amount of cryptocurrency and targeted the networks of foreign aerospace and defense companies.
South Korea estimates the damage at $630 million, and cybersecurity experts at more than $1 billion. In turn, Chainalysis analysts talk about about $1.7 billion in cryptocurrencies received as a result of cyber attacks.
The UN has repeatedly warned that North Korea continues to develop its nuclear programs, and funds received from attacks on bitcoin exchanges become their important source of funding. In 2019, UN sanctions monitors reported that the DPRK received about $2 billion for these purposes over several years.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!