North Korea has used cyber attacks and blockchain technology to circumvent sanctions and obtain funding, says the report of experts of the UN Security Council.
Pyongyang has amassed nearly $670 million in foreign currencies and scriptactive through cybercrazy using blockchain technology to hide the traces, the Nikkei reports, citing experts of the UN security Council.
The report says that North Korea has organized hacker attacks on foreign financial institutions between 2015 and 2018. Attacks were made specialized the North Korean military unit.
A significant portion of these funds were received by DPRK as a result of cyber attacks on cryptocurrency exchanges. According to experts, from January 2017 to September 2018, North Korea made five successful attacks Asian kryptomere, stealing digital assets by $571 million According to experts, North Korea chose scriptactive because they’re harder to trace and they are “independent from state regulation”.
In the report, the experts recommended that member States of the UN “to strengthen its capacity to promote active exchange of information about cyber attacks from the Democratic people’s Republic with other governments and private financial institutions” to identify and prevent attempts of North Korea to circumvent sanctions.
Intelligence service of South Korea about a year ago it was reported that North Korean hackers stole from kryptomere the country tens of millions of dollars. Earlier, the DPRK attacks on cryptocurrency exchanges confirmed the police of the country. In December 2018, the company Cuvepia involved in cyber security, found that North Korean hackers are shifting their activity with trading platforms for private owners of cryptocurrencies.