North Korea Has Accumulated $670 Million in Crypto, Leaked UN’s Report Says

The unilateral embargo promoted by the United States against North Korea has forced the nation to look for funding sources in order to survive, and cryptocurrencies provide a powerful tool to achieve this purpose since they are not controlled by rival governments of financial organizations

A leaked draft of a report by the UNs’s Security Council, obtained by Nikkei Asian Review, claims that a panel of cybersecurity experts informed the council that according to their research, Pyongyang has accumulated about $670 million in crypto and traditional fiat currency.

Cyberattacks: The Best Way For North Korea To Get Its Hands on Crypto

Nikkei reports that the prevailing method of getting funds is through cyber thefts. Blockchain technologies allow North Korean hackers to cover their tracks and perform illegal actions.

The paper says that “North Korea waged cyber attacks on overseas financial institutions from 2015 to 2018.” Nikkei elaborates on how experts are convinced…

Read Full Story : Ethereum World News

2019-03-15 16:27:03

Jose Antonio Lanz

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