UN Says North Korea Received $ 670 Million From Crypto Exchange Hacks And Hacker Attacks

DOJ’s John Demers on North Korea crypto hack, SolarWinds hack

UN Says North Korea Received $ 670 Million From Crypto Exchange Hacks And Hacker Attacks

North Korea uses hacker attacks and cryptocurrency exchanges to get funds to bypass economic sanctions, according to a UN Security Council report.

In the document, analysts claim that from early 2017 to September 2018, government-backed cybercriminals stole about $ 670 million, with $ 571 million of which came from successful attacks on Asian cryptocurrency marketplaces..

According to UN experts, hackers use blockchain to hide their traces and avoid harassment, and virtual currencies simplify procedures. concealment, laundering and conversion of stolen funds.

Previously, a similar assessment of the actions of the North Korean group of hackers «Lazarus» provided by the IT company Group-IB. In the fall of last year, its experts said that 14 hacks of Asian crypto exchanges were responsible for the formation. South Korean intelligence agencies also confirm the participation of neighbors in many cybercrimes, as well as in ties with blockchain startups to launder money and circumvent sanctions.

The UN Council recommends that all member states cooperate and share information on cyber attacks involving the DPRK or other governments in order to jointly fight them.

Recall that in France, in order to combat money laundering, it was proposed to ban anonymous cryptocurrencies.

text: Ivan Malichenko, photo: insdrcdn, Shutterstock

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