UN Reports Reveal North Korea's Heavy Reliance on Hacks and Crypto Attacks for Foreign Currency

Thursday, 21 March 2024, 06:08

The latest reports from the United Nations Security Council highlight the shocking revelation that approximately half of North Korea's foreign currency gains are attributed to hacks and cryptocurrency attacks. The acquired funds were then channeled towards funding 40% of the expenses related to developing mass-destructive weapons. This underscores the severity of the situation and the implications of such illicit financial activities for global security.

https://store.livarava.com/a99a2886-e749-11ee-968f-5254a2021b2b.jpe — UN Reports Reveal North Korea's Heavy Reliance on Hacks and Crypto Attacks for Foreign Currency

UN Reports Unveil Alarming Findings

The United Nations Security Council has revealed a startling discovery regarding North Korea's financial activities.

High Reliance on Illicit Means

According to the reports, around 50% of the foreign currency gains of North Korea stem from cyber hacks and attacks on cryptocurrencies and digital assets.

Impact on Weapons Development

These illicit activities have directly contributed to funding almost 40% of the expenditures associated with the development of mass-destructive weapons by North Korea.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.