-Galla S Kiran Kumar,Bureau Chief Telagana (Andhra Pradesh)
North Korea, which is conducting nuclear weapons tests in violation of UN sanctions, is committing cyber frauds for those funds. Last year, the country’s hackers looted crypto worth thousands of crores.
Internet Desk: Despite the United Nations sanctions, and the economic crisis, the leader of North Korea, Kim Jong Un, continues to conduct nuclear tests. And when there is no food to eat, how about a box for nuclear tests.. All that is the merit of hackers like Jati Ratnam who is Kim Chentana..! North Korean hackers are infiltrating crypto exchanges that are heavily armed with blockchain technology and stealing thousands of crores. So last year their booty was 1.7 billion dollars (that is about Rs. 13.9 thousand crores in Indian currency). To this extent, digital currency transaction analysis firm ‘Chain Analysis’ has revealed.
The Chain Analysis report reveals that North Korean hackers have stolen 1.7 billion dollars worth of cryptocurrencies in 2022. It is noteworthy that this is four times higher than the 429 million dollars looted in the previous year. According to the organization, while last year hackers exploited a total of 3.8 billion dollars worth of cryptocurrencies, 44 percent of this was done by North Korean criminals. According to Chain Analysis, these hackers are stealing cryptos through China and Non-Fungible Tokens (NFT) brokers.
North Korea, which is facing many sanctions, is committing crypto crimes to fund its nuclear weapons tests. Last year, $100 million worth of cryptos were stolen from Horizon Bridge, a blockchain network. Last month, the American FBI confirmed that this is the work of the Lazarus Group of North Korea. America has imposed sanctions to prevent dollars from reaching North Korea. With this, Kim.. started using crypto currencies. However, experts have revealed that they do not have the financial means to make them. UN research teams have revealed earlier that nuclear weapons and missiles are being made with that money.
