UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program
08 Fevereiro 2024 - 11:00PM
NEWSBTC
In a recently reviewed unpublished report by Reuters, United
Nations (UN) sanctions monitors have alleged that North Korea
engaged in a massive theft of crypto assets, raking in $3 billion
through cyberattacks. Nuclear Upgrades And Crypto
Cyberattacks Unveiled According to Reuters, the independent panel
of sanctions monitors revealed that despite international
sanctions, North Korea continued to defy regulations by enhancing
its nuclear arsenal and producing nuclear fissile materials.
The monitors further noted that the country conducted ballistic
missile launches, deployed a “tactical nuclear attack submarine,”
and even placed a satellite into orbit. Related Reading: Shiba Inu
Price Breaks 2-Month Downtrend, Eyes New Peaks The UN report points
to 58 suspected cyberattacks on crypto-related companies between
2017 and 2023, valued at approximately $3 billion. These attacks
allegedly provided crucial funding for North Korea’s weapons of
mass destruction (WMD) development. The report states that
hacking groups affiliated with the Reconnaissance General Bureau,
North Korea’s primary foreign intelligence agency, were responsible
for these cyber assaults. The monitors highlighted the increasing
trend of North Korea targeting defense companies and supply chains
and collaborating with other actors by sharing infrastructure and
tools. The report also raises concerns about reports of North Korea
supplying conventional arms and munitions, which contravenes
existing sanctions. While the UN report is set to be released
publicly later this month or early next, North Korea’s mission to
the United Nations has not yet responded to requests for comment on
the sanctions monitors’ allegations. The Security Council,
traditionally deadlocked on the issue, is unlikely to take
immediate action against North Korea, according to Reuters.
China and Russia have advocated for easing the sanctions to
“persuade” North Korea to return to denuclearization talks.
Furthermore, Russia and North Korea have recently pledged to
strengthen military relations, although both countries deny
allegations of weapons supply. North Korea’s Illicit Trade Per the
report, North Korea has slowly begun to emerge despite the lockdown
imposed amid the COVID-19 pandemic. The UN report reveals signs of
trade recovery, with a higher trade volume in 2023 compared to
2022. Notably, the United Nations monitors noted the
reappearance of foreign consumer goods, including potential luxury
items prohibited under Security Council sanctions. Related Reading:
Crypto Analyst Predicts Bitcoin To $100,000 But Says Cardano Is
Dead, Here’s Why The sanctions monitors also investigated reports
of numerous North Korean nationals working overseas
violating sanctions, particularly in information technology,
restaurants, and construction sectors. These individuals were found
to earn income that benefited the North Korean government. In
addition, the report highlights North Korea’s continued access to
the international financial system and engagement in illicit
financial activities, including crypto assets, in defiance of UN
Security Council resolutions. Featured image from Shutterstock,
chart from TradingView.com
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