U.N. report: North Korea grows missiles programs, profit from cyberattacks on the crypto industry
Over the past year, North Korea has advanced its missile and nuclear program. According to a confidential U.N. report, money for this was derived from cyberattacks conducted by state hackers on cryptocurrency exchanges.
According to Reuters, which accessed the report, the DPRK government continues to develop infrastructure for intercontinental ballistic missiles. Joint scientific research and cyberattacks are actively involved in acquiring new knowledge. Meanwhile, hackers are also involved in hacking cryptocurrency exchanges, financial institutions, and companies to obtain money.
"According to a member state, DPRK cyberactors stole more than $50 million between 2020 and mid-2021 from at least three cryptocurrency exchanges in North America, Europe, and Asia," the report said.
The report also mentions Chainalysis, which previously stated that North Korean hackers carried out at least seven attacks on cryptocurrency platforms. As a result, $400 million worth of digital assets were stolen.
Recall that in 2019, U.N. observers reported that the DPRK received about $2 billion from cyberattacks.