{"id":574114,"date":"2024-02-09T02:00:55","date_gmt":"2024-02-09T02:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=574114"},"modified":"2024-06-11T08:30:52","modified_gmt":"2024-06-11T08:30:52","slug":"un-accuses-north-korea-of-3b-crypto-theft-to-fund-nuclear-weapons-program","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/un-accuses-north-korea-of-3b-crypto-theft-to-fund-nuclear-weapons-program\/","title":{"rendered":"UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program"},"content":{"rendered":"

In a recently reviewed unpublished <\/span>report <\/span><\/a>by Reuters, United Nations (UN) sanctions monitors have alleged that North Korea engaged in a massive theft of crypto assets, raking in $3 billion through cyberattacks.\u00a0<\/span><\/p>\n

Nuclear Upgrades And Crypto Cyberattacks Unveiled<\/span><\/h2>\n

According to Reuters, the independent panel of sanctions monitors revealed that despite international sanctions, <\/span>North Korea <\/span><\/a>continued to defy regulations by enhancing its nuclear arsenal and producing nuclear fissile materials.\u00a0<\/span><\/p>\n

The monitors further noted that the country conducted ballistic missile launches, deployed a “tactical nuclear attack submarine,” and even placed a satellite into orbit.<\/span><\/p>\n

Related Reading: Shiba Inu Price Breaks 2-Month Downtrend, Eyes New Peaks<\/a><\/div>\n

The UN report points to 58 suspected cyberattacks on crypto-related companies between 2017 and 2023, valued at approximately $3 billion. These attacks allegedly provided crucial funding for North Korea’s<\/span> weapons of mass destruction<\/span><\/a> (WMD) development.\u00a0<\/span><\/p>\n

The report states that hacking groups affiliated with the Reconnaissance General Bureau, North Korea’s primary foreign intelligence agency, were responsible for these cyber assaults.<\/span><\/p>\n

The monitors highlighted the increasing trend of North Korea targeting defense companies and supply chains and collaborating with other actors by sharing infrastructure and tools. The report also raises concerns about reports of North Korea supplying conventional arms and munitions, which contravenes existing sanctions.<\/span><\/p>\n

While the UN report is set to be released publicly later this month or early next, North Korea’s mission to the United Nations has not yet responded to requests for comment on the sanctions monitors’ allegations<\/span>.<\/span><\/p>\n

The Security Council, traditionally deadlocked on the issue, is unlikely to take immediate action against North Korea, according to Reuters.\u00a0<\/span><\/p>\n

China and Russia have advocated for easing the sanctions to \u201cpersuade\u201d North Korea to return to denuclearization talks. Furthermore, Russia and North Korea have recently pledged to strengthen military relations, although both countries deny allegations of weapons supply.<\/span><\/p>\n

North Korea’s Illicit Trade<\/span><\/h2>\n

Per the report, North Korea has slowly begun to emerge despite the lockdown imposed amid the COVID-19<\/a> pandemic<\/span>. The UN report reveals signs of trade recovery, with a higher trade volume in 2023 compared to 2022.\u00a0<\/span><\/p>\n

Notably, the United Nations monitors noted the reappearance of foreign consumer goods, including potential luxury items prohibited under Security Council sanctions.<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts Bitcoin To $100,000 But Says Cardano Is Dead, Here\u2019s Why<\/a><\/div>\n

The sanctions monitors also investigated reports of numerous North Korean nationals working overseas violating<\/span>\u00a0sanctions<\/span><\/a>, particularly in information technology, restaurants, and construction sectors. These individuals were found to earn income that benefited the North Korean government.<\/span><\/p>\n

In addition, the report highlights North Korea’s continued access to the international financial system and engagement in illicit financial activities, including crypto assets, in defiance of UN Security Council resolutions.<\/span><\/p>\n

\"Crypto\"
The 1-D chart shows the total crypto market cap’s surge above $1.67 trillion. Source: TOTAL on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from Shutterstock, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In a recently reviewed unpublished report by Reuters, United Nations (UN) sanctions monitors have alleged that North Korea engaged in a massive theft of crypto assets, raking in $3 billion through cyberattacks.\u00a0 Nuclear Upgrades And Crypto Cyberattacks Unveiled According to Reuters, the independent panel of sanctions monitors revealed that despite international sanctions, North Korea continued to defy regulations by enhancing its nuclear arsenal and producing nuclear fissile materials.\u00a0 The monitors further noted that the country conducted ballistic missile launches, deployed a “tactical nuclear attack submarine,” and even placed a satellite into orbit. Related Reading: Shiba Inu Price Breaks 2-Month Downtrend, Eyes New Peaks The UN report points to 58 suspected cyberattacks on crypto-related companies between 2017 and 2023, valued at approximately $3 billion. These attacks allegedly provided crucial funding for North Korea’s weapons of mass destruction (WMD) development.\u00a0 The report states that hacking groups affiliated with the Reconnaissance General Bureau, North Korea’s primary foreign intelligence agency, were responsible for these cyber assaults. The monitors highlighted the increasing trend of North Korea targeting defense companies and supply chains and collaborating with other actors by sharing infrastructure and tools. The report also raises concerns about reports of North Korea supplying conventional arms and munitions, which contravenes existing sanctions. While the UN report is set to be released publicly later this month or early next, North Korea’s mission to the United Nations has not yet responded to requests for comment on the sanctions monitors’ allegations. The Security Council, traditionally deadlocked on the issue, is unlikely to take immediate action against North Korea, according to Reuters.\u00a0 China and Russia have advocated for easing the sanctions to \u201cpersuade\u201d North Korea to return to denuclearization talks. Furthermore, Russia and North Korea have recently pledged to strengthen military relations, although both countries deny allegations of weapons supply. North Korea’s Illicit Trade Per the report, North Korea has slowly begun to emerge despite the lockdown imposed amid the COVID-19 pandemic. The UN report reveals signs of trade recovery, with a higher trade volume in 2023 compared to 2022.\u00a0 Notably, the United Nations monitors noted the reappearance of foreign consumer goods, including potential luxury items prohibited under Security Council sanctions. Related Reading: Crypto Analyst Predicts Bitcoin To $100,000 But Says Cardano Is Dead, Here\u2019s Why The sanctions monitors also investigated reports of numerous North Korean nationals working overseas violating\u00a0sanctions, particularly in information technology, restaurants, and construction sectors. These individuals were found to earn income that benefited the North Korean government. In addition, the report highlights North Korea’s continued access to the international financial system and engagement in illicit financial activities, including crypto assets, in defiance of UN Security Council resolutions. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":574115,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1020,1026,6664,13667,14690,14118,15355,1558,9148,86346,67971,32534,15670],"class_list":["post-574114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blockchain","tag-blockchain-technology","tag-crypto","tag-crypto-crime","tag-crypto-news","tag-crypto-scams","tag-crypto-theft","tag-cryptocurrency","tag-north-korea","tag-north-korean-hacks","tag-total-crypto-market","tag-total-crypto-market-cap","tag-united-nations"],"acf":[],"yoast_head":"\nUN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program<\/title>\n<meta name=\"description\" content=\"United Nations (UN) sanctions 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program","url":"http:\/\/wncen.com\/news\/un-accuses-north-korea-of-3b-crypto-theft-to-fund-nuclear-weapons-program\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/un-accuses-north-korea-of-3b-crypto-theft-to-fund-nuclear-weapons-program\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/shutterstock_download-2-9.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/shutterstock_download-2-9.jpg?fit=347%2C260"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["blockchain","blockchain technology","crypto","crypto crime","crypto news","crypto scams","crypto theft","cryptocurrency","north korea","north korean hacks","total crypto market","total crypto market cap","united nations"],"dateCreated":"2024-02-09T02:00:55Z","datePublished":"2024-02-09T02:00:55Z","dateModified":"2024-06-11T08:30:52Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/un-accuses-north-korea-of-3b-crypto-theft-to-fund-nuclear-weapons-program\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/un-accuses-north-korea-of-3b-crypto-theft-to-fund-nuclear-weapons-program\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/shutterstock_download-2-9.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/shutterstock_download-2-9.jpg?fit=347%2C260\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"blockchain\",\"blockchain technology\",\"crypto\",\"crypto crime\",\"crypto news\",\"crypto scams\",\"crypto theft\",\"cryptocurrency\",\"north korea\",\"north korean hacks\",\"total crypto market\",\"total crypto market cap\",\"united nations\"],\"dateCreated\":\"2024-02-09T02:00:55Z\",\"datePublished\":\"2024-02-09T02:00:55Z\",\"dateModified\":\"2024-06-11T08:30:52Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/shutterstock_download-2-9.jpg?fit=347%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/574114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=574114"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/574114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/574115"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=574114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=574114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=574114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}