Cyber Attack: $300 million worth of cryptomoney stolen by North Korea

Cyber Attack: $300 million worth of cryptomoney stolen by North Korea

LINFO.RE – created on 13.02.2021 at 10:31 am – updated on 13.02.2021 at 9:03 pm-
Editorial staff

Wang Jianfeng / Costfoto/Sipa US/SIPA

In just a few months, North Korea has allegedly managed to steal more than $300 million worth of cryptomoney.

Massive cyber attacks

Massive cyber attacks

A United Nations report, drawn up by a group of experts in charge of monitoring the application of sanctions against Pyongyang because of its arms programmes, revealed that North Korea has stolen more than 300 million dollars in cryptomoney in a few months through cyber attacks, reports the newspaper Le Monde. This sum would then have been used to finance the nuclear and ballistic programmes of the Pyongyang regime in 2020.

Virtual goods theft » committed between 2019 and November 2020

Virtual goods theft" committed between 2019 and November 2020

According to the authors of this UN report, « the theft of virtual goods committed by the country between 2019 and November 2020 amounts to approximately $316.4 million (€260 million) ». Financial institutions and stock exchanges in South Korea and other countries have been targeted by thousands of hackers working for Pyongyang. These hackers then multiplied attacks on bitcoin trading platforms.

In 2016, Pyongyang is also suspected of having stolen some $81 million from the Central Bank of Bangladesh (CBB) and in 2017, some $60 million from the Taiwanese bank Far Eastern International.

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Cyber Attack: $300 million worth of cryptomoney stolen by North Korea
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