The panel of experts said that according to an unnamed government, North Korean “cyber-actors stole more than $50 million between 2020 and mid-2021 from at least three cryptocurrency exchanges in North America, Europe and Asia, probably reflecting a shift to diversify its cybercrime operations”
Portraits of late North Korean leaders Kim Il Sung and Kim Jong Il in Pyongyang in 2018. Pic/AP
North Korea continues to steal hundreds of millions of dollars from financial institutions and cryptocurrency firms and exchanges, illicit money that is an important source of funding for its nuclear and missile programmess, U.N. experts said in a report quoting cyber specialists.
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The panel of experts said that according to an unnamed government, North Korean “cyber-actors stole more than $50 million between 2020 and mid-2021 from at least three cryptocurrency exchanges in North America, Europe and Asia, probably reflecting a shift to diversify its cybercrime operations.” And the experts said in the report’s section on cyber activities obtained Sunday by The Associated Press that an unidentified cybersecurity firm reported that in 2021 the North’s “cyber-actors stole a total of $400 million worth of cryptocurrency through seven intrusions into cryptocurrency exchanges and investment firms.”
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