North Korea Stole Over $1 Billion in Crypto in 2022

blockchain.news:

According to an unclassified study from the United Nations, cybercriminals operating out of North Korea stole more digital assets in 2022 than in any previous year.

According to Reuters, the UN report was sent to a 15-person committee that is in charge of imposing sanctions on North Korea one week ago.

Following attacks on the computer networks of international aerospace and military corporations, it was discovered that hackers with ties to North Korea were responsible for between $630 million and more than $1 billion worth of crypto assets being stolen in 2017.

The United Nations research found that cyber assaults were more sophisticated than in previous years, making it more difficult than it has ever been to track down monies that have been stolen.

The independent sanctions monitors stated in their report to the United Nations Security Council Committee that "[North Korea] used increasingly sophisticated cyber techniques both to gain access to digital networks involved in cyber finance and to steal information of potential value, including information related to its weapons programs."

A report published on February 1 by the blockchain analytics company Chainalysis came to a similar conclusion last week. According to this report, North Korean hackers were responsible for the theft of at least $1.7 billion worth of cryptocurrency in 2022, making it the worst year ever for crypto hacking.

According to the company, the cybercriminal syndicates have been the most «productive bitcoin hackers over the last several years.»

According to Chainalysis, «For comparison, North Korea's entire exports in 2020 comprised $142 million worth of products,» thus it isn't a reach to argue that hacking cryptocurrencies is a