North Korea's Cyberattacks on Crypto Firms Fueling Weapons of Mass Destruction

Thursday, 21 March 2024, 09:52

North Korea has amassed $3 billion from cyberattacks on cryptocurrency firms, supporting its weapons of mass destruction programs. UN report reveals that almost 50% of North Korea's foreign currency income is generated through malicious cyberactivities, posing a significant global security threat.

How Crypto Funds North Korea's Weapons of Mass Destruction Program

A staggering $3 billion has been accumulated by North Korea through cyberattacks on cryptocurrency firms, with almost half of its foreign currency revenue derived from these malicious activities.

UN Revelations: A UN panel of experts reported that North Korea carried out 58 cyberattacks on crypto entities between 2017 and 2023, providing substantial financial support to its weapons of mass destruction programs.
Notorious Lazarus Group: The Lazarus Group, associated with North Korea, leads these cyber operations, as highlighted by stealing $615 million from Ronin Bridge to fund military activities.
Nuclear Ambitions: North Korea's persistent pursuit of nuclear ambitions and advancements in missile technology, in defiance of UN sanctions, contribute to heightened global tension.

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.