North Korea Stole Record Amount of Crypto Assets in 2022, UN Report Unveils – Bitcoin News
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The United Nations has revealed that North Korea has stolen a record amount of cryptocurrency assets in 2022, according to a recent report. The report, which was released by the United Nations Security Council’s Sanctions Committee, highlights the country’s ongoing efforts to evade international sanctions and finance its nuclear weapons program.
The report states that North Korea has been using a variety of tactics to acquire cryptocurrency, including hacking and phishing attacks, as well as exploiting vulnerabilities in the cryptocurrency exchanges. The report also reveals that North Korea has stolen a total of $316 million in cryptocurrency assets over the past two years, with the majority of these funds coming from exchanges in South Korea, Japan, and China.
The report also states that North Korea is using the stolen funds to help finance its nuclear weapons program. The funds are also being used to purchase luxury items for the country’s leadership.
The report comes as the United States and other countries are increasing their efforts to impose sanctions on North Korea in an effort to curb the country’s nuclear weapons program. However, the report warns that these sanctions may not be effective in deterring North Korea’s activities as the country has become increasingly adept at evading them.
The report also notes that North Korea is using the stolen funds to purchase a range of goods, including weapons and luxury items, which are then used to benefit the country’s leadership. This is particularly concerning as it suggests that the country is using the funds to further its own political agenda.
The report also highlights the need for increased international cooperation to combat North Korea’s activities. The report states that countries must work together to identify and disrupt the networks that North Korea is using to acquire cryptocurrency and other funds. It also recommends that countries strengthen their cybersecurity measures to prevent North Korea from exploiting vulnerabilities in their systems.
Overall, the report paints a concerning picture of North Korea’s activities and the need for increased international cooperation to combat them. It is clear that North Korea is becoming increasingly adept at evading sanctions and acquiring funds to finance its nuclear weapons program. As such, it is essential that countries work together to identify and disrupt the networks that North Korea is using to acquire funds.
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