North Korea’s regime stole more crypto in 2022 than in any previous year, sanctions monitors say.
Despite the difference between quoted estimates, the authors conclude that 2022 was a record-breaking year for crypto theft, to be blamed on the hermit state.North Korea has stolen more crypto assets in 2022 than in any other year, according to a United Nations report which is to be released by the end of this month or in early March.
The document, which is still confidential at this point in time, was submitted to the U.N. Security Council’s committee on North Korea sanctions on Friday. The findings in it are based on information provided by U.N. member states and cybersecurity firms. Its authors quote different estimates. One produced by South Korea suggests that hackers controlled by Pyongyang acquired crypto worth $630 million during the studied period, while a cybersecurity company has assessed that the virtual money they obtained exceeded $1 billion. In any case, the independent sanctions monitors believe that:Tenth of Total Stolen From South Korean Accounts
The variation in U.S.-dollar equivalent of cryptocurrency in recent months is likely to have affected these estimates, the report noted while highlighting that both estimates indicated that 2022 was a record-breaking year for crypto theft associated with the Democratic People’s Republic of Korea . A similar conclusion stems from data compiled by Chainalysis. Last week, the U.S.-headquartered blockchain forensics firm said that
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