KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling

Subscribe to Updates

Get the latest Crypto news from kronosslott.

What's Hot

BTC Price Is in a Range as It Pauses Above $23K Support

February 4, 2023

Bloktopia Metaverse Crypto Pumping New Land BLOK NFTs – RobotEra Presale Stronger Potential?

February 4, 2023

Biggest Crypto Gainers Today – February 3

February 4, 2023
Facebook Twitter Instagram
  • Affiliate Disclosure
  • Anti Spam Policy
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram
KronosSlott
  • Altcoin
  • Bitcoin
  • Blockchain
  • Ethereum
  • Litecoin
  • Gambling
KronosSlott
Home » North Korea Uses Stolen Crypto To Fund Its Nuclear Weapons Program

North Korea Uses Stolen Crypto To Fund Its Nuclear Weapons Program

adminBy adminOctober 12, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
North Korea
Share
Facebook Twitter LinkedIn Pinterest Email


In recent months, North Korea has stolen over $300 million worth of Bitcoin and other cryptocurrencies via hacking and other sorts of mass cyberattacks.

The objective is to fund the isolated state’s illegal nuclear and ballistic missile activities, according to a recent report by France24, quoting a confidential United Nations dossier.

Today, that reported is corroborated by international investigators comprised of U.S. and South Korean intelligence officials, who claim that North Korea “stole hundreds of millions of dollars worth of cryptoassets” to bolster its nuclear weapons arsenal.

In the past 10 days, North Korea’s ballistic missile launches have intensified. On Wednesday of last week, more than 5 million Japanese citizens were ordered to take urgent cover when the North launched a missile over the island of Hokkaido.

Military analysts suspect that at least a portion of this missile launch was also paid using stolen cryptocurrency.

Thousands of skilled hackers reportedly work for the North. Image: BushidoToken Threat Intel.

North Korea And Its Army Of Cyber Thieves

The North is believed to employ thousands of well-trained hackers who have assaulted South Korean businesses, organizations, and researchers. Additionally, it has been accused of using its cyber capabilities for economic reward.

According to Yonhap, a major South Korean news source, the UN Security Council’s North Korea Sanctions Panel has attributed the Harmony and Ronin Bridge attacks to North Korean cyber organizations such as the Lazarus Group.

The committee said that Pyongyang’s General Bureau of Reconnaissance directly authorized the hacks.

Exploiting The Lack Of Strong Crypto Safety Nets

According to experts, North Korea is using the absence of worldwide regulatory constraints on cryptocurrencies to steal Bitcoins and other crypto in order to fund its nuclear weapons and missile projects.

Jason Bartlett, a researcher at the Center for a New American Security (CNAS), stated the following in an interview with the VOA Korean Service:

“Cryptocurrency offers Pyongyang a new kind of currency that is substantially less regulated and understood by national governments, financial institutions, and international organizations.”

The committee said that such breaches are so lucrative that cybercrime organizations like BlueNoroff are now focusing only on crypto theft to generate revenue.

Western nations have accused BlueNoroff of assaulting Bangladesh’s national bank in 2016.

Meanwhile, Nikkei Asia reported, citing a UN Security Council panel study, that the hermit state is in the penultimate stages of preparations for a nuclear weapons test, with actions pointing to excavation of an underground tunnel and testing of triggering mechanisms.

Crypto total market cap at $90 billion on the daily chart | Featured image from Reuters/VOA News, Source: TradingView.com



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits – Exchanges Bitcoin News

December 12, 2022

What is a Doji candle pattern and how to trade with it?

December 12, 2022

Bitcoin Price Slides As Markets Brace For Fed Policy Decision And Inflation Data

December 12, 2022

Comments are closed.

Don't Miss

BTC Price Is in a Range as It Pauses Above $23K Support

Blockchain February 4, 2023

Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Remains…

Bloktopia Metaverse Crypto Pumping New Land BLOK NFTs – RobotEra Presale Stronger Potential?

February 4, 2023

Biggest Crypto Gainers Today – February 3

February 4, 2023

FET/USD Reaches New High at $0.33 Level

February 3, 2023
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks

BTC Price Is in a Range as It Pauses Above $23K Support

February 4, 2023

Bloktopia Metaverse Crypto Pumping New Land BLOK NFTs – RobotEra Presale Stronger Potential?

February 4, 2023

Biggest Crypto Gainers Today – February 3

February 4, 2023

FET/USD Reaches New High at $0.33 Level

February 3, 2023

Subscribe to Updates

Get the latest Crypto news from kronosslott.

About Us
About Us

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook Twitter Pinterest YouTube WhatsApp
Categories
  • Altcoin (4)
  • Bitcoin (2,020)
  • Blockchain (839)
  • Ethereum (321)
  • Gambling (2,082)
  • Litecoin (59)
  • NFTs (2)
Our Picks

BTC Price Is in a Range as It Pauses Above $23K Support

February 4, 2023

Bloktopia Metaverse Crypto Pumping New Land BLOK NFTs – RobotEra Presale Stronger Potential?

February 4, 2023

Biggest Crypto Gainers Today – February 3

February 4, 2023
©2022 –Kronosslott. All Rights Reserved. Kronosslott.com is an independent i-Gaming news site and casino comparison service. Every effort is made to ensure that the bonus offers listed here are accurate and up-to-date. However, we accept no responsibility for inaccuracies or errors. It is your responsibility to confirm the terms of any promotion you choose to accept. Looking to Advertise with us? Kronosslott is always looking for new partnerships. To Inquire please email kronosslott@gmail.com

Type above and press Enter to search. Press Esc to cancel.