North Korea Steals $2B in Cryptos From Exchanges
Main page News, North Korea, Exchange, Cryptocurrency Exchanges, Hacker Attack

North Korea has stolen as much as $2B in cryptocurrencies from exchanges and banks, according to a UN's confidential report that has been leaked to the press.

According to the UN Security Council, the country is said to have used this funds to finance its nuclear program.

According to the report:

"Democratic People’s Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion US dollars."

According to UN experts, North Korea's cyber attacks on cryptocurrency trading platforms have allowed the country to "obtain funds using methods that are very difficult to track."

This news has not surprised anyone, as North Korea is usually responsible for all cyber attacks against its neighboring countries.

The country is carrying out this type of attacks instead of hacking banks or other financial institutions due to the lack of control over crypto exchanges. In addition, another reason why North Korean hackers prefer cryptos is because most of them are anonymous by nature, which makes them very difficult to track.

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