North Korean Crypto Hackers Have Stolen $3B Since 2017, Says UN Security Council: Report

2024-3-21 14:30

A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million.

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North Korea gets 50% of foreign earnings due to weak security measures in crypto industry, UN says

A recent United Nations report highlights North Korea’s significant role in cyberattacks, particularly targeting crypto firms amid sanctions enforcement and nuclear concerns. The United Nations Security Council has released a new report, indicating North Korea‘s escalating involvement in cyberattacks, which…

2024-3-21 10:51


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Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners.

2021-5-26 18:30


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Elon Musk Meets Major North American Bitcoin Miners to Address Energy Usage

Following his earlier criticisms of Bitcoin’s energy usage, Tesla CEO Elon Musk has met with bitcoin miners in North America to promote the use of renewable energy for BTC mining activities.  New Bitcoin Mining Council Formed After Meeting Tweeting on Monday (May 24, 2021), Musk revealed that bitcoin miners based in North America were committedRead More

2021-5-26 13:30


North Korean Crypto Conference a No-Go, Warns the UN

Sanctions experts from the United Nations have warned blockchain enthusiasts against attending an upcoming cryptocurrency conference in North Korea. Attending the Pyongyang Event Could Breach Sanctions According to Reuters, a confidential report will be submitted to the UN Security Council warning that the event will include discussions that cover sanctions evasion and money laundering.

2020-1-16 16:25


UN Security Council reveals that North Korea lumped over $600 million in Cryptocurrency through cyber theft

Recent reports bear claims that North Korea’s capital city Pyongyang has attained an estimated $670 million in fiat foreign currencies as well as cryptocurrencies. As reported by Asian media outlet Nikkei, this is being carried out with the aid of cybercriminals who have been dependent on the blockchain technology in order to remain untraced.

2019-3-9 07:11


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UN Panel: North Korea Hacked $571M From Asian Crypto Exchanges

The U.N. Security Council has heard that North Korea uses cyberattacks and blockchain technology to evade economic sanctions and obtain foreign currency. Through hacking, the reclusive Republic has raked in around $670 million in foreign exchange and cryptocurrency, a panel of experts told the Security Council’s North Korea sanctions committee, ahead of the council’s annual […] The post UN Panel: North Korea Hacked $571M From Asian Crypto Exchanges appeared first on Bitcoin News.

2019-3-9 23:25