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North Korean Crypto Hackers Have Stolen $3B Since 2017, Says UN Security Council: Report
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million
North Korea-linked cryptocurrency hacks totaled $3 billion between 2017 and 2023, South Korean news agency Yonhap reported on Thursday, citing a United Nations (UN) Security Council study.
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million, the report added.
STORY CONTINUES BELOW
There were a total of 58 suspected cyberattacks on crypto-linked firms between 2017 and 2023, according to the report. The report said that North Korea derives around 50% of its foreign currency income from cyber attacks, which is used to fund its weapons programs.
North Korea has been targeting the crypto industry as a means of evading sanctions, the report said, branding the country “the world's most prolific cyber-thief.”
In December, cybersecurity firm Recorded Future also calculated that $3 billion in cryptocurrency had been stolen in the last six years by North Korea-linked hacker organization Lazarus Group.
Read More: EU Parliament Approves New Sanctions Laws That Also Apply to Crypto
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
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Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
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