UN Report: North Korea Has Stolen $2 Billion from Cryptocurrency Exchanges, Financial Institutions

 

 

 

 

 

Security experts have long alleged that the North Korean government has been engaged in cyber theft designed to help fund its missile program, nuclear program, and other regime priorities. According to a new report from a United Nations panel, those attacks have enabled the regime to steal an estimated $2 billion in assets.

CNN reported the news on Tuesday:

The allegations were published in an early draft of a biannual report authored by a panel of independent experts that work for the UN monitoring sanctions on North Korea. Previous reports from the panel have also accused regarding Pyongyang of evading sanctions through illicit behavior.

A summary of the report was obtained by CNN and its content verified by a UN diplomat who declined to be identified. The North Korean mission to the UN did not immediately respond to inquiries for comment.

The panel’s report was delivered to the United Nation committee responsible for dealing with sanctions on the rogue regime. It alleges that the North Korean cyber theft activities were designed to help the regime avoid tough international sanctions.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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