North Korea relies on crypto theft for up to half of foreign income: UN report



News North Korea relies on crypto theft for up to half of foreign income: UN report Panel of Experts estimates DPRK cybercriminals have stolen $3B since 2017 to bankroll regime’s nuclear weapons Shreyas Reddy March 21, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A North Korean man uses a computer in Pyongyang. \| Image: NK News (April 2018) North Korea’s theft of cryptocurrency accounts for as much as half of its foreign financing and plays a major role in bankrolling the regime’s nuclear ambitions, a new U.N. report states, estimating that DPRK cybercriminals have stolen $3 billion of virtual assets since 2017. In an annual report published Wednesday, the U.N. Panel of Experts on the DPRK stated that it is investigating 58 cyberattacks allegedly carried out by Pyongyang against cryptocurrency services between 2017 and 2023, alongside other illicit cyber activities. North Korea’s theft of cryptocurrency accounts for as much as half of its foreign financing and plays a major role in bankrolling the regime’s nuclear ambitions, a new U.N. report states, estimating that DPRK cybercriminals have stolen $3 billion of virtual assets since 2017. In an annual report published Wednesday, the U.N. Panel of Experts on the DPRK stated that it is investigating 58 cyberattacks allegedly carried out by Pyongyang against cryptocurrency services between 2017 and 2023, alongside other illicit cyber activities. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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North Korea relies on crypto theft for up to half of foreign income: UN report

Panel of Experts estimates DPRK cybercriminals have stolen $3B since 2017 to bankroll regime’s nuclear weapons

Shreyas Reddy March 21, 2024

North Korea relies on crypto theft for up to half of foreign income: UN report

A North Korean man uses a computer in Pyongyang. | Image: NK News (April 2018)

North Korea’s theft of cryptocurrency accounts for as much as half of its foreign financing and plays a major role in bankrolling the regime’s nuclear ambitions, a new U.N. report states, estimating that DPRK cybercriminals have stolen $3 billion of virtual assets since 2017.

In an annual report published Wednesday, the U.N. Panel of Experts on the DPRK stated that it is investigating 58 cyberattacks allegedly carried out by Pyongyang against cryptocurrency services between 2017 and 2023, alongside other illicit cyber activities.

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North Korea relies on crypto theft for up to half of foreign income: UN report

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