A report submitted to the U.N. Security Council shows that North Korean cyber actors have stolen millions of dollars from crypto exchanges.
The report stated that funds gotten from these cyberattacks form an important revenue source that the country uses to finance its nuclear and ballistic missile programs.
North Korea’s cyberattacks used to finance nuclear weapons
According to the report, these bad actors have stolen over $50 million from 2020 to mid-2021.
“According to a member state, DPRK cyber actors stole more than US$50 million between 2020 and mid-2021 from at least three cryptocurrency exchanges in North America, Europe, and Asia.”
This gives credence to a recent report by Chainalysis, a crypto analytic firm, who stated that North Korean-sponsored hackers stole around $400 million in cryptocurrencies from several cyber attacks last year.
In the report, Chainalysis said that these stolen funds are laundered and cashed out by the North Korean government.
The U.N. re
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