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North Korea – Last year North Korean hackers stole record-breaking cryptocurrency, shocking revelation in UN report



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North Korea stole the most cryptocurrency assets in 2022
North Korea is increasingly using cyber techniques to steal virtual money
The techniques used for the North Korean cyber threat are more advanced

Pyongyang: In the United Nations (UN) report, there was a startling revelation about North Korea. North Korea stole the most cryptocurrency assets in 2022 compared to all previous years, and also targeted the networks of foreign aerospace and defense companies. North Korea is increasingly using cyber techniques to access digital networks and steal potentially valuable information, including its weapons programs.

According to a Reuters report, prior to 2022, North Korea has consistently denied allegations of hacking or other cyberattacks. The report also states that South Korea estimates that North Korea-linked hackers may have stolen $630 million worth of virtual assets in 2022. Changes in the USD value of cryptocurrencies over the past few months have affected these estimates. The report revealed that 2022 was a record year for virtual asset theft.

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The techniques used for cyber threats have become more advanced, so it has become more difficult to track this type of stolen money, according to the UN report. The United States said in April that North Korean hackers were responsible for stealing hundreds of millions of dollars worth of cryptocurrency linked to the popular online game Ax Infinity. Ronin, a blockchain network that allows users to transfer crypto in and out of games, said around $615 million in digital cash was stolen in March 2022.

Keywords: cryptocurrency, cyber security, the Pirates, North Korea