UN: North Korea has stolen $2 bln from crypto investors

[mlawson71]

North Korea is funding its military program with money stolen from crypto exchanges and other hacker activities, a UN report reveals, quoting “total proceeds to date estimated at up to 2 billion USD”.

The report, presented to the UN Security Council says that North Korea is using the crypto markets “to launch increasingly sophisticated attacks to steal funds from financial institutions and cryptocurrency exchanges to generate income”.

Recently there have been several massive crypto currency exchange hacks, including the hack of the Tokyo based Remixpoint, which runs BITPoint exchange, resulting in a loss of 3.5 billion yen, or some 32 million USD worth of digital cash.