{"id":26111,"date":"2024-02-11T02:05:50","date_gmt":"2024-02-11T02:05:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/north-koreas-alleged-3-billion-crypto-attacks-reviewed-by-un\/"},"modified":"2024-02-11T02:05:50","modified_gmt":"2024-02-11T02:05:50","slug":"north-koreas-alleged-3-billion-crypto-attacks-reviewed-by-un","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/north-koreas-alleged-3-billion-crypto-attacks-reviewed-by-un\/","title":{"rendered":"North Korea&#8217;s Alleged $3 Billion Crypto Attacks Reviewed by UN"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Over the past six years, the Democratic People\u2019s Republic of Korea (DPRK) has been linked to cyberattacks targeting cryptocurrency firms, a strategy that has reportedly netted the nation around $3 billion. These funds are believed to support North Korea\u2019s development of weapons of mass destruction (WMD).<\/p>\n<p>An investigation led by an independent sanctions committee under the United Nations (UN) is currently underway, focusing on these DPRK-related hacking activities. A Reuters <a href=\"https:\/\/www.reuters.com\/technology\/cybersecurity\/un-experts-investigate-58-cyberattacks-worth-3-bln-by-north-korea-2024-02-08\/\">report<\/a>, referring to undisclosed UN documents, revealed that the committee is probing into 58 attacks on crypto-related companies from 2017 to 2023. These attacks are not just for financial gains but are allegedly aimed at funneling money into North Korea\u2019s WMD programs.<\/p>\n<p>A statement from the investigation highlights the scale and purpose of these cyberattacks: <em>\u201cThe panel is investigating 58 suspected DPRK cyberattacks on cryptocurrency-related companies between 2017 and 2023, valued at approximately $3 billion, which reportedly help fund DPRK\u2019s WMD development.\u201d<\/em><\/p>\n<p>The findings of this investigation are eagerly awaited, with a report expected to be made public in the coming two months.<\/p>\n<p>In <a href=\"https:\/\/igaming.org\/crypto\/2023-shows-a-shift-in-crypto-crime-trends-chainalysis-reports\/\">recent research<\/a>, Chainalysis, a firm specializing in blockchain analysis, found that in 2023, hacking groups associated with the DPRK managed to extract roughly $1 billion in cryptocurrency through 20 separate attacks. This figure represents a drop from the previous year, 2022, when the losses due to cyberattacks linked to North Korea reached $1.7 billion from 15 incidents.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/un-to-look-into-3-billion-worth-of-north-korean-attacks-on-crypto-firms\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Over the past six years, the Democratic People\u2019s Republic of Korea (DPRK) has been linked to cyberattacks targeting cryptocurrency firms, a strategy that has reportedly netted the nation around $3 billion. These funds are believed to support North Korea\u2019s development of weapons of mass destruction (WMD). [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":26112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26111"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26111"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26112"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}