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Home » UN Report: North Korea Raises $3 Billion for Nuclear Development Through Hacking Cryptocurrencies
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UN Report: North Korea Raises $3 Billion for Nuclear Development Through Hacking Cryptocurrencies

Feb. 10, 2024No Comments3 Mins Read
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UN Report: North Korea Raises $3 Billion for Nuclear Development Through Hacking Cryptocurrencies
UN Report: North Korea Raises $3 Billion for Nuclear Development Through Hacking Cryptocurrencies
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North Korea is reportedly using the gray area of the internet to fund its nuclear ambitions. According to an unpublished UN report, North Korea has amassed an astonishing $3 billion through cyber attacks.
Contents:
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Profitable Digital Warfare in North Korea
North Korea’s Continued Development of Nuclear Weapons Despite International Norms
Digital Battlefield: Theft of Cryptocurrency and Evasion of Economic Sanctions
Global Attention on North Korea’s Actions with Different International Stances
Digital Assets Making Economic Sanctions More Difficult
Alerts in the Digital Age
UN experts are piecing together the puzzle of North Korea’s cyber attacks, speculating that the purpose is to accumulate funds to strengthen its nuclear weapons program. Despite facing international sanctions and global condemnation, the Democratic People’s Republic of Korea (DPRK), commonly known as North Korea, continues to enhance its firepower.
The DPRK blatantly ignores the sanctions imposed by the United Nations Security Council and continues to develop its nuclear capabilities and missile launches. Independent monitors have indicated that North Korea is actively expanding its military, including adding a tactical nuclear attack submarine to its fleet.
Between 2017 and 2023, North Korea is suspected of launching 58 cyber attacks against cryptocurrency entities, a strategy allegedly aimed at supporting its development of weapons of mass destruction (WMD). This digital theft demonstrates the regime’s path to circumvent financial blockades.
The UN report reveals North Korea’s cyber tactics, but the North Korean mission to the UN remains silent on these allegations.
Due to differing positions of major global powers such as China and Russia, the Security Council is deadlocked, dimming prospects for further action against North Korea. However, North Korea’s actions have far-reaching implications beyond its borders, including nuclear threats and cyber attacks.
Despite sanctions and the impact of the pandemic, recent trade and consumption activities indicate North Korea’s economic recovery. The adaptability of North Korea to economic sanctions further complicates the difficulty of international sanctions.
North Korea’s cyber theft poses an evolving challenge to the world in maintaining peace and security. As countries strive to address the impact of digital warfare, the international community must remain vigilant, promote cooperation and innovation, and prevent the misuse of technology for destructive purposes.
Cryptocurrency
North Korea
Nuclear weapons
United Nations


Further Reading
Japanese e-commerce platform Mercari plans to integrate Bitcoin payments, expected to launch before June.
Top 2023 Performers | BONK Tops the List with a 7,303% Increase, Only 3 Cryptocurrencies among the Top 100 Decreased.

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