Connect with us

World

North Korea steals $300 million USD in cryptocurrency for nuclear weapons – UN report

Published

 on 

Hackers in North Korea stole cryptocurrency worth more than $300 million USD to pay the government’s nuclear weapons and ballistic missiles, according to a confidential report by United Nations experts monitoring sanctions on the country’s capital Pyongyang.

From 2019 to November 2020, North Korea stole around $316.4 million USD worth of “virtual assets,” according to AFP, which obtained a copy of the report. The so-called “hermit kingdom” has an army of thousands of “well trained” hackers who have done numerous cyberattacks on South Korean firms, institutions and researchers in the past, according to AFP.

Two hackers are linked to the recent cyber-heists. The UN panel says it had been investigating a cryptocurrency exchange hack from September 2020 where $281 million USD worth of cryptocurrency was stolen. A month later, $23 million USD was stolen in another cyberattack.

“Preliminary analysis, based on the attack vectors and subsequent efforts to launder the illicit proceeds strongly suggests links to the DPRK (Democratic People’s Republic of Korea.)”

SOURCE: AFP

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

Follow Thaiger by email:

Press Room1 hour ago

Best island boat tours from Phuket – must-visit islands and unforgettable experiences you should not miss out on

Thailand3 hours ago

Thailand News Today | Foreigners anger Chiang Mai locals for kissing in temple

World3 hours ago

Former Coventry footballer seriously ill in Thai hospital

Crime3 hours ago

Weapons used by jealous Thai man to murder and chop up lover found

Guides3 hours ago

Foodie Zone: Should you try Keto diet? 2022

Chiang Mai3 hours ago

River in Chiang Mai overflows, floods spread

Join the conversation on the Thaiger Talk forums today!
Thailand4 hours ago

3-year jail term for carrying crops, fruit & veg into Japan

Thailand4 hours ago

Bank repossesses the wrong house in central Thailand

Thailand4 hours ago

Innocent man jailed 7 months for 15.8 million baht theft demands justice

Weather4 hours ago

Thailand’s cold season expected to hit in late October

Thailand5 hours ago

ฺThai boxer blackmails 20 women into sending nude pics

World5 hours ago

South Korea gives North Korea a warning

Visa6 hours ago

Philippines offers attractive alternative to Thailand’s 10 year LTR visa

Phuket6 hours ago

Thousands join Chinese ceremony at Phuket Vegetarian Festival

Coronavirus (Covid-19)7 hours ago

Bang Sue’s Central Vaccination Centre officially closed

Thailand1 year ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand2 years ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism2 years ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket2 years ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism2 years ago

Phuket Thai food treats you need to try | VIDEO

Thailand2 years ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism2 years ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending