Follow us on:

cc_icon

Post: UN Investigating North Korean Hacking Groups’ Cyberattacks on Crypto Firms: $3 Billion Profits

UN Investigating North Korean Hacking Groups’ Cyberattacks on Crypto Firms: $3 Billion Profits

Key Points:

  • The United Nations is reportedly investigating hacking groups linked to North Korea for cyberattacks on cryptocurrency firms.
  • The hacking groups are alleged to have amassed profits of around $3 billion through their attacks.
  • The investigation is being conducted by an independent sanction committee overseeing the DPRK-linked hacking groups.
  • The groups are accused of targeting 58 cryptocurrency firms between 2017 and 2023 in order to fund their weapon of mass destruction development work.

Insight:

The United Nations is set to release an investigation report detailing the alleged involvement of hacking groups tied to North Korea in cyberattacks on cryptocurrency firms. The report, produced by an independent sanction committee, suggests that the hacking groups have accumulated profits of approximately $3 billion by targeting 58 crypto-related firms between 2017 and 2023. The funds gained through these attacks are believed to have been used to support the development of the country’s weapon of mass destruction program.

Hot Take:

The alleged involvement of DPRK-linked hacking groups in cyberattacks on cryptocurrency firms highlights the significant challenges that the industry faces in terms of security. The lucrative nature of cryptocurrencies makes them an attractive target for hackers seeking financial gains. This incident serves as a reminder for companies in the crypto space to prioritize robust cybersecurity measures to protect their assets and the integrity of the industry as a whole.

Recent Posts
Social Media
Twitter
Email
Telegram
Facebook
Offers
CheekyCrypto Membership Platform
Hardware Wallets
Bitget
Swissborg
Plutus Card