According to a current United Nations report, North Korea stole more bitcoin assets in 2022 than any other year and targeted the networks of multinational aerospace and defence industries. Independent sanctions monitors reported to a U.N. Security Council committee that (North Korea) used increasingly sophisticated cyber techniques to access digital networks used in cyber finance and to steal information with potential value, including to its weapons programmes.
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A cybersecurity company calculated that North Korean cybercrime produced digital currencies worth more than $1 billion, while South Korea believed that hackers with North Korean ties stole virtual assets worth $630 million in 2022, according to the sanctions monitors.
According to the observers, the Reconnaissance General Bureau, which is North Korea’s main intelligence agency, controls the majority of the cyberattacks. The cybersecurity sector was claimed to have been keeping an eye on these groups, which included the hacker teams known as Lazarus Group, Andariel, and Kimsuky.
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However, the monitors claimed that North Korea has kept up its illicit coal shipments and refined petroleum purchases in order to get under the sanctions. They added that they have opened an investigation into claims that North Korea is exporting weapons.
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In April, the United States asserted that North Korean hackers were responsible for the loss of hundreds of millions of dollars’ worth of bitcoin linked to the well-known online game Axie Infinity. According to Ronin, a blockchain network that enables players to transfer cryptocurrency in and out of games, on March 20, 2022, digital currency worth about $615 million was stolen.
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