“Yonhap News Agency” quoted a report recently released by the United Nations, reporting that North Korea obtains approximately 50% of its illicit income through cyberattacks, including attacks on cryptocurrency companies. The report by the United Nations Security Council assessed 58 suspected cyberattacks on cryptocurrency-related companies between 2017 and 2023, resulting in losses equivalent to approximately $3 billion. The stolen funds were subsequently used by North Korea to finance weapons development, with the stolen funds reportedly covering around 40% of the costs for its large-scale weapons of mass destruction programs. The content of the latest United Nations report aligns with the estimates made by the United States last year. According to reports, a senior official from the Biden administration also stated in June of last year that approximately half of North Korea’s foreign exchange income comes from cyberattacks.
Are Stablecoins Primarily Used for Money Laundering? Blockchain Analysis Firm Reports 99% of Stablecoin Transactions Will Be for Legitimate Purposes in 2024.
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