05/08/19 08:11 UTC-4

Crypto-hacking activities in North Korea reached $2 billion

Hacking attacks of North Korea
Hacking attacks of North Korea

According to a August 4 report from the Asahi Shinbum, Japanese newspaper, North Korea is suspected of attacking at least 17 financial institutions and cryptocurrency exchanges 35 times from December 2015 to May 2019.


North Korean crypto-attacks

Asahi Shinbum has gained access to the yet-published 142-page report of the UN Security Council, which details the extent of crypto-hacking activities in North Korea.

As the cryptocurrency news showed the UN report should contain details of how the center of the country, Pyongyang, successfully carried out "35 cyber-attacks on financial institutions and cryptocurrency exchanges in 17 countries from December 2015 to May 2019 ".

The Security Council believes that cyber raids were carried out by a secretive group working under the direct command of the General Intelligence Bureau of the Korean People’s Army, the intelligence department of the country's armed forces.

Previous reports from South Korea claimed that the North had assembled an "elite team of 20-30 cyber warriors" to conduct cryptocurrency raids.

Since 2015, the group is believed to have gained a total of $2 billion thanks to its raids, which, according to the UN, are used to directly finance the weapons of mass destruction (WMD) program in Pyongyang.

North Korea is suspected of hacking actions worth about $2 billion. Recall, on June 25, the South-West Regional Cybercrime Unit (SW RCCU) in a joint operation with the Dutch police (Politie), Europol, Eurojust and the UK National Crime Agency (NCA) arrested 6 people.

Editor: Yulia Krasnaya

See also: "Coinmarketcap: Bitcoin price exceeded $11,500"

#Cryptocurrency #hackers #Korea



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