US Treasury: North Korea Stole 1 Trillion Won in Virtual Assets Last Year

IconCryptoNewsTerminal Staff30 May, 2024

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US Treasury: North Korea Stole 1 Trillion Won in Virtual Assets Last Year

North Korea's Cyber Theft of Virtual Assets According to a report by the US Treasury Department, North Korean cyber actors stole approximately $720 million (986 billion won) in virtual assets during 2022. This represents a significant portion of the資金調達 for North Korea's illicit weapons programs. Under pressure from sanctions, North Korea has turned to cybercrime, including theft from virtual asset service providers (VASPs), to generate revenue for its weapons programs. US Treasury Department's Assessment The Treasury Department's report highlights the growing threat posed by North Korea's cyber activities. The department emphasizes the need for international cooperation to combat these illicit activities. The report also calls for increased sanctions and other measures to deter North Korea from continuing its cyber theft and other illicit activities.

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