Attacks on crypto platforms are still a key revenue source for North Korea, U.N. report reveals.
) have continued to target financial institutions and crypto platforms such as exchanges, Reuters reported citing a confidential U.N. report.
Back in 2019, the U.N. sanctions monitors announced that North Korea had accumulated an estimated $2 billion through increasingly sophisticated cyberattacks. The digital money was allegedly used to finance its weapons of mass destruction programs. Their latest report notes: Although no nuclear tests or launches of ICBMs [intercontinental ballistic missiles] were reported, DPRK continued to develop its capability for production of nuclear fissile materials.
The authors are convinced that maintenance and development of North Korea’s nuclear and ballistic missile infrastructure hasn’t stopped. They also point out that the country, which has been under U.N. sanctions since 2006, has accelerated its ballistic missile testing, having carried out nine launches in January, which is the largest monthly number to date.
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