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North Korea stole more crypto in 2022 than any other year: UN report

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A report submitted to the United Nations found North Korean cyber attacks have become vastly more sophisticated and raked in more crypto than ever before.

A confidential United Nations report has revealed North Korean hackers stole more crypto assets in 2022 than in any other year so far.

The UN report, seen by Reuters, was reportedly submitted to a 15-member North Korea sanctions committee last week.

It found North Korean-linked hackers were responsible for between $630 million and more than $1 billion in stolen crypto assets last year and targeted networks of foreign aerospace and defense companies.

The UN report also noted that cyber attacks were more sophisticated than in previous years, making tracing stolen funds more difficult than ever.

"[North Korea] used increasingly sophisticated cyber techniques both to gain access to digital networks involved in cyber finance, and to steal information of potential value, including to its weapons programmes,” according to independent sanctions monitors in its report to the UN Security Council Committee.

Last week, a Feb. 1 report from blockchain analytics firm Chainalysis came to a similar conclusion, linking North Korean hackers to at least $1.7 billion worth of stolen crypto in 2022, the highest in history.

North Korean hackers have been stealing more crypto than ever before. Source Chainalysis

The firm named the cybercriminal syndicates as the most "prolific cryptocurrency hackers over the last few years."

"For context, North Korea's total exports in 2020 totalled $142 million worth of goods, so it isn't a stretch to say that cryptocurrency hacking is a sizable chunk of the nation's economy," Chainalysis said.

According to Chainalysis, at least $1.1 billion of the stolen loot was taken from hacks of DeFi protocols, making North Korea one of the driving forces behind the DeFi hacking trend that intensified in 2022.

Chainalysis has revealed North Korean hackers tend to send large amounts of their stolen funds to mixers. Source Chainalysis.

The firm also found that aside from DeFi protocols, North Korea-linked hackers tend to send large sums to mixers.

"In fact, funds from hacks carried out by North Korea-linked hackers move to mixers at a much higher rate than funds stolen by other individuals or groups," Chainalysis said.

Related: North Korean hacking activity ceases after regulators implement KYC: Report

North Korea has frequently denied allegations of being responsible for cyber attacks, but the new UN report alleged North Korea's primary intelligence bureau, the Reconnaissance General Bureau uses several groups such as Kimsuky, Lazarus Group and Andariel specifically for cyber attacks.

"These actors continued illicitly to target victims to generate revenue and solicit information of value to the DPRK, including its weapons programmes," the UN report said.

Submitted before the 15-member council's North Korea sanctions committee last week, the full report is reportedly due for public release later this month or early March.

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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