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UN: North Korean cryptocurrency hackers have earned up to $2 billion so far

Tuesday, August 6, 2019 by Piyush Suthar | Comments

Home News Tech UN: North Korean cryptocurrency hackers have earned up to $2 billion so far

The financial impact of North Korea‘s hacking and cryptocurrency exploits could be much larger than first thought. According to a UN report, seen by CNN, North Korea could have earned up to $2 billion by hacking overseas financial institutions and cryptocurrency exchanges. The report also states that North Korea used hackers to “launder stolen proceeds and [create] income to avoid international sanctions.” Investigators believe those activities could be being used to fund North Korea‘s nuclear weapons program. The allegations were divulged in a draft report compiled by a panel of independent experts that work for a branch of the UN…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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