UN Sanctions Monitors Accuse North Korea of Funding Nuclear Program through Cyberattacks
The United Nations (UN) sanctions monitors have accused North Korea of conducting mass cyberattacks to acquire $3 billion worth of cryptocurrency. This money is allegedly being used to fund the country’s nuclear weapons program and other activities that are under sanctions. According to the report, North Korea has been involved in cyberattacks on cryptocurrency firms for the past six years, generating a massive amount of illicit funds.
North Korea Defies Sanctions and Uses Cryptocurrencies
Despite facing sanctions, North Korea has managed to maintain access to the international financial system and engage in illegal financial activities, including the use of cryptocurrencies. This defiance complicates efforts to curb the country’s nuclear ambitions and illegal actions.
Lazarus Group Identified as North Korea’s Leading Cyberattack Unit
The UN report identifies the Lazarus Group, affiliated with North Korea’s primary foreign intelligence agency, as the leading cyberattack arm of the country. This group has displayed a high level of sophistication in its attack strategies, targeting defense companies and supply chains. The Lazarus Group has successfully stolen millions of dollars from cryptocurrency exchanges.
North Korea Violates International Sanctions
North Korea has consistently defied international sanctions, expanding its nuclear arsenal and engaging in activities such as ballistic missile launches. The UN report also highlights the violation of sanctions through the employment of North Korean nationals in various sectors. These individuals contribute to the government’s revenue, further supporting its illicit activities.
Threat to International Security
The stolen cryptocurrency accounts for about 30% of North Korea’s foreign earnings and significantly strengthens the regime’s military capabilities. The funds stolen in 2022 alone, which amount to nearly $700 million, could finance intercontinental ballistic missile launches. This situation poses a significant threat to global security and stability, as North Korea persists in using cybercrime to circumvent international sanctions.
By
By
By
By
By