UN Report: North Korea Stole $316 Million In Cryptocurrencies For Banned Nuclear Programs

  • North Korea has stolen more than $300 million worth of cryptocurrencies through cyberattacks in recent months to support its banned nuclear and ballistic missile programs, a confidential UN report said.
  • Compiled by a panel of experts monitoring sanctions on Pyongyang, the report said the country‘s “total theft of virtual assets from 2019 to November 2020 is valued at approximately $316.4 million”, citing a UN member state.
  • The vast majority of the proceeds came from two thefts late last year. The UN panel said it was investigating a September 2020 hack against a cryptocurrency exchange that resulted in $281 million worth of cryptocurrencies being stolen. A second cyberattack siphoned off $23 million a month later.

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