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 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.
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