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North Korea: Dictator Kim Jong-un stole millions of dollars in crypto coal, according to US report

North Korea: Dictator Kim Jong-un stole millions of dollars in crypto coal, according to US report

The minions of North Korea-Dictator Kim grabbed millions of dollars in crypto cash last year!This is reported by a team of experts from the blockchain data platform “Chainalysis”. Accordingly, North Korean hackers have 2021 cryptocurrencies worth around 400 million dollars (around 350 million euros).Kim Jong-un’s hackers have launched cyber attacks on numerous digital currency platforms and shifted the funds to North Korean-controlled accounts, the blockchain experts write in a new report. “Once North Korea gained control of the funds, they began a diligent money laundering process to cover their tracks,” the report said. The hackers were targeting numerous cryptocurrencies. The world’s largest digital currency, Bitcoin, accounted for around a quarter of the amounts stolen. In particular, the report points to the North Korean hacker group Lazarus, which is blamed, among other things, for the hacking of the production company Sony in 2014. The group would have captured more than $200 million in cryptocurrencies every year since 2018.
North Korea is notorious for its hackers: The country, which is largely banned internationally, started its cyber program in the mid-1990s at the latest. According to a US military report from 2020, a cyber unit known as “Bureau 121” has more than 6,000 members, some of whom operate out of countries such as Belarus, China, Malaysia and Russia.

More missile tests after US sanctions

According to analysts, North Korea is also using the stolen cryptocurrencies to fund its weapons and missile programs. Just today, the country repeatedly violated UN requirements and conducted further tests on ballistic missiles.The South Korean Armed Forces General Staff said on Friday that North Korea had fired two missiles believed to be short-range ballistic missiles. UN resolutions ban North Korea from testing ballistic missiles, which, depending on the design, can also carry a nuclear warhead. It was the third missile test by the self-declared nuclear power in ten days. This North Korean propaganda photo shows the launch of a hypersonic missile in early January Photo: -/dpa North Korea’s foreign ministry had previously accused the United States of “provocation” and threatened a clear reaction. On Wednesday, the US Treasury Department decided to impose sanctions on five North Koreans accused of procuring goods for their country’s mass destruction and missile programs. In addition, the United States wants to enforce new sanctions against North Korea through the United Nations.

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