US EditionNorth Korea Using Crypto, IT Workers to Dodge UN Sanctions: Report
North Korea uses 40,000 overseas workers and cyber theft to launder $1.65 billion and fund weapons programs, evading UN sanctions through cryptocurrency and hidden contracts.
- The Multilateral Sanctions Monitoring Team found North Korea's cyber force stole at least $1.65 billion, including $1.4 billion from Bybit, and used stablecoin for procurement transactions.
- In recent years, under Kim Jong Un, Pyongyang ramped up cyber operations, making hacking a key foreign-currency source amid strict UN sanctions.
- 38 North's report found North Korean IT workers hid their nationality to secure animation contracts linked to Amazon and HBO Max, while Amazon said it never directly hired these workers.
- According to MSMT findings, Pyongyang funnels proceeds from $1.2 billion in cryptocurrency gains into unlawful WMD and ballistic missile programmes.
- Most labour deployments went to China, with others sent to Russia, Laos, Cambodia, Equatorial Guinea, Guinea, Nigeria, Tanzania, and plans included 40,000 labourers to Russia.
77 Articles
77 Articles
North Korea using crypto, IT workers to dodge UN curbs: report
North Korea is circumventing UN sanctions by using cryptocurrency to trade raw materials and military weaponry, and by deploying large numbers of IT workers abroad to launder funds and generate income for Pyongyang, an international sanctions monitoring group reported. Under leader Kim Jong Un, Pyongyang has ramped up cyber operations in recent years, turning hacking into a key source of foreign currency in the face of biting sanctions over its …
North Korea circumvents UN sanctions by using cryptocurrency for its trade in raw materials and armaments.
Malay Mail
AlKhaleej TodayReport: North Korea evades UN sanctions through cyber theft and global IT deployments
SEOUL, Oct 25 — North Korea is circumventing UN sanctions by using cryptocurrency to trade raw materials and military weaponry, and by deploying large numbers of IT workers abroad to launder funds and generate income for Pyongyang, an international sanctions monitoring group reported.Under leader Kim Jong Un, Pyongyang has ramped up cyber operations in recent years, turning hacking into a key source of foreign currency in the face of biting sanc…
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