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BitDegree 2024-03-21 14:35:19

UN Experts Link North Korea to $750 Million in Crypto Frauds

Key Takeaways - The UN Security Council's sanctions committee on North Korea unveils a report detailing the regime's cyberattacks on the cryptocurrency industry, contributing significantly to its foreign currency earnings and weapons of mass destruction (WMD) programs. - North Korea is implicated in 17 cryptocurrency thefts last year, with losses totaling over $750 million, part of a broader pattern of cybercrime attributed to the nation. - Despite international sanctions, North Korea continues to enhance its nuclear and missile capabilities, with the report highlighting advancements in nuclear weapons, fissile material production, and ballistic missile technology.

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