North Korea Used Stolen Crypto to Fund Missile Program: Report

North Korea used stolen crypto funds to help fund its missile development program, Reuters said, citing a report prepared for the United Nations.

• "According to a member state, DPRK cyberactors stole more than $50 million between 2020 and mid-2021 from at least three cryptocurrency exchanges in North America, Europe and Asia," the report says, using the initials of the country's formal name, the Democratic People's Republic of Korea.
• The confidential report on the nuclear and ballistic missile program is prepared annually and was presented to the U.N. Security Council's North Korea sanctions committee on Friday.
• The estimate is significantly lower than the $400 million identified by Chainalysis in a report released January. It's also less than the $300 million found in last year's U.N. report.