North Korea Stole Record Amount Of Crypto Assets In 2022, UN Report Reveals

According to a UN report which may be released at the end of this month or in the beginning of March, it was said in this report that North Korea has definitely given more gift property in 2022 than in any other year. is stolen. Through the draft paper, seen by Reuters and Nikkei Asia, we can find out how the isolated country is raising funds by bypassing cybercafé attacks and international regulation. Definitely we can say that this is a big disclosure which has been done by Reuters.
The document, which is still classified as of now, was presented to the UN Security Council’s Committee on North Korea Sanctions on Friday and includes findings provided by UN member states and cyber security firms. based on information. Its authors develop different estimates, and one produced by South Korea suggests that hackers controlled by Pyongyang obtained $630 million in crypto assets during the study period. One cyber security company estimates that virtual money they have received has exceeded $1 billion, and in any case, independent sanctions monitoring groups believe that there will certainly be more in 2022 than in any previous year. However, more assets have been stolen and the varying variance of cryptocurrencies to the US dollar in recent months has raised the possibility of factors affecting this estimate, with the report also mentioning that both The projections indicated that 2022 was set to prove to be a record break year for stealing cryptocurrency assets linked to the Democratic People’s Republic of Korea. a similar conclusion if
It is known from the compiled data collected through chainanalysis. Last week, a US-headquartered blockchain forensics firm said hacker groups linked to North Korea, such as members of the Lazarus Group, have been particularly active in the past year, stealing roughly $1.7 billion in coins.
The Seoul-based Chosun Ilbo daily revealed that about 10% of the total amount had left the hands of South Korean companies and individuals on Tuesday, citing officials, and noted that 30 are believed to have been looted. It was used to finance the North’s nuclear and missile development program and was introduced in that regard. Sanctions monitors have said that most of the cyberattacks were carried out by teams controlled by the DPRK’s Reconnaissance General Bureau, the communist state’s main intelligence agency, and that in addition to Lazarus, they also include groups such as Kimsuky and Andriel. It was stated in the UN report that the technologies being used are becoming more and more significantly sophisticated which impede tracking..

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