North Korea Sets A Record Of Stealing Most Cryptocurrencies In 2022!

Diplomats told that this report though confidential was submitted to the 15-member North Korea sanctions committee last week, and will be released to the public later in February or early March.

All this while when the monitors have been previously accusing North Korea of using cyberattacks to help fund its nuclear and missile programs, North Korea kept on denying the allegations of hacking or other cyberattacks.

Not so surprisingly, The reports held North Korean-linked hackers responsible for $630 million worth of cyber crimes. As per other Cybersecurity firms’ reports, crypto assets worth $1 billion were stolen last year after.

The disparity in these two different reports could be spelled out as variations in the USD value of cryptocurrency in recent months. These both reports anyways show that 2022 was a record-breaking year. The country sets its own record for stealing the most cryptocurrencies this year!

A report from the UN Security Council Committee suggests that North Korea has used increasingly sophisticated cyber techniques than ever before to gain access to digital networks involved in cyber finance and to steal information of potential value.

For cybercrime, the hackers of the country identified targets through their technique and then reached out to them on a leading social media platform for professionals, LinkedIn. Once a level of trust with the targeted individuals was established, malicious payloads were delivered through continued communications over WhatsApp.

The United States has long been warning that North Korea is ready to carry out a seventh nuclear test.  On the other hand, North Korea was also accused by the monitors of conducting cyber attacks to fund its nuclear and missile programs.
This could be another sign of how the isolated country is circumventing international sanctions to raise funds!

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