US EditionNorth Korea Stole $2.84 billion in Cryptocurrency Heist
- On Wednesday, the Multinational Sanctions Monitoring Team reported North Korean hackers stole an estimated $2.84 billion since early 2024, including $1.65 billion this year.
- The report details how Cambodia-based Huione Pay launders stolen crypto, with proceeds funding North Korea's sanctioned weapons programs and half sent back to the regime.
- The monitoring team found that hackers breached Bybit, DMM Bitcoin, WazirX, BingX and Phemex using AI tools like ChatGPT and DeepSeek and an overseas workforce of 1,000 to 2,000 North Korean IT professionals.
- MSMT member states issued a joint statement condemning North Korea's cybercrimes and called for stronger international cooperation to block its access to global financial systems.
- After the U.N. panel was disbanded in April 2024, the MSMT issued its second report, finding about $1.19 billion stolen in 2024, roughly one-third of North Korea's foreign currency income.
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FOX 28 SpokaneNorth Korean hackers accused of stealing billions through crypto
North Korean hackers have been accused of stealing billions of dollars by infiltrating cryptocurrency exchanges. According to the International Report on North Korean Cyber Capabilities, these hackers have also created fake identities to secure remote tech jobs at foreign companies.
North Korea is using hackers to circumvent Western sanctions, according to a report from the Multilateral Sanctions Monitoring Team (MSMT), a...
Report: North Korea Continuing to Operate Global Cyber Scheme Using Fake US/EU IT Workers to Steal Billions to Fund Nuclear Program
Already a subscriber? Make sure to log into your account before viewing this content. You can access your account by hitting the “login” button on the top right corner. Still unable to see the content after signing in? Make sure your card on file is up-to-date. A new report released by an international sanctions monitoring group has revealed that North Korea has built a vast and sophisticated cyber operation that has stolen billions in cryp…
North Korea has stolen billions in cryptocurrency and tech firm salaries
North Korean hackers have pilfered billions of dollars by breaking into cryptocurrency exchanges and creating fake identities to get remote tech jobs at foreign companies, according to an international report on North Korea's cyber capabilities.Officials in Pyongyang orchestrated the clandestine work to finance research and development of nuclear arms, the authors of the 138-page report found.The review, which included Australian researchers, wa…
North Korean hackers hijacked billions of dollars by introducing themselves into cryptocurrency trading platforms and creating false identities for remote technology jobs in foreign companies, according to an international report on North Korea's IT capabilities.
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