Crypto Hacks Are 'Important Revenue' for North Korea | CoinMarketCap

Attacks on crypto exchanges are now "an important revenue source" for North Korea, according to a UN report.

The document — seen by the Reuters news agency — says hackers from the secretive state are continuing to target trading platforms that deal in digital assets.was stolen by its cybercriminals from 2020 to the middle of 2021 — and businesses in North America, Europe and Asia have been affected. Even this figure may prove conservative. Last month, the blockchain intelligence firm Chainalysis estimated that the country had orchestrated seven attacks on crypto platforms in 2021 alone — extracting digital assets worthCrypto has likely become important for Kim Jong Un's regime because of tough economic sanctions that have been imposed by the UN — with the cross-border nature of digital assets allowing them to sidestep these restrictions.

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