North Korea Diverts $3 Billion in Stolen Crypto for Weapons Development, UN Reports

The United Nations Security Council has disclosed that over the past seven years, North Korea has redirected approximately $3 billion of illicitly acquired cryptocurrency towards the development of weapons of mass destruction. The staggering sum was amassed through a series of sophisticated cyberattacks and fraud schemes orchestrated by North Korean hackers, predominantly targeting the global cryptocurrency ecosystem.



A recent investigation highlights the alarming tactics used by these hackers, who exploit social media to deceive cryptocurrency companies and affluent individuals. According to David Robinson, co-founder of cybersecurity firm Internet 2.0 and a former Australian Army Intelligence Officer, the extent of these operations poses a significant threat to consumers. "Consumers are at a huge risk from North Korean hackers,"


First found on: Cryptonews from Coinatory