North Korea's Dependence on Crypto-Hacks for Foreign Funds Exposed by Recent Report

Thursday, 21 March 2024, 15:31

A recent report highlights that North Korea obtains 50% of its foreign currency earnings from cyber hacks and crypto exploits, with groups like Lazarus Group being major contributors. This revelation underscores the significant reliance of North Korea on illicit means for financial gain and raises concerns about cybersecurity and international sanctions compliance.
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North Korea's Dependence on Crypto-Hacks for Foreign Funds Exposed by Recent Report

North Korea's Dependency on Crypto-Hacks

Recent findings reveal that 50% of North Korea's foreign funds are a result of crypto-hacks and cyber exploits, with notable involvement from groups like Lazarus Group.

Such illicit activities pose a serious challenge to international efforts to curb illegal financial practices and maintain cybersecurity.


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.


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