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North Korea

North Korean weapons of mass destruction were funded with stolen crypto: UN Report

A recent report by United Nations (UN) has revealed that North Korea has been funding stolen crypto money into its missile and nuclear projects. The report was presented to the committee on Friday. These funds were cautiously laundered and then cashed out to support the missile projects.

According to the reports, about 37 million worth of cryptocurrencies were stolen in different cyber-attacks on exchanges and investment platforms in North America, Asia, and Europe. 

North Korea
North Korean missile projects are funded through stolen crypto : UN

North Korea and Stolen Crypto:

A recent report by the United Nations has revealed that North Korea run by Kim Jong Un’s government has been pumping stolen digital assets into its missile and ballistic projects. The country was sanctioned by UN Security Council after the nuclear test explosion in 2006 and the council made clear that North Korea has been constantly neglecting these sanctions.

The report was presented to the committee on Friday. A few days back, Chainalysis, a blockchain firm analyzed that about $400 million worth of digital assets were stolen by North Korea in different cyber-attacks.

Further to this, UN also reported that South Korean hackers have been constantly trying to steal military secrets and they have already spent about $2 billion on cybercrime activities.

Read more interesting content here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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