Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»BLOCKCHAIN NEWS»UN: Cryptocurrency security is weak, North Korea takes 50% of overseas income
BLOCKCHAIN NEWS

UN: Cryptocurrency security is weak, North Korea takes 50% of overseas income

By Crypto FlexsMarch 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
UN: Cryptocurrency security is weak, North Korea takes 50% of overseas income
Share
Facebook Twitter LinkedIn Pinterest Email

A recent UN report highlights North Korea’s significant role in sanctions enforcement and cyberattacks specifically targeting cryptocurrency companies amid nuclear concerns.

The United Nations Security Council has released a new report indicating North Korea’s involvement in cyberattacks, which now accounts for nearly half of the country’s foreign exchange earnings, is expanding, Nikkei Asia reported. Although the investigation is still ongoing, the report points out that North Korea has already made about $3 billion due to insufficient security measures by protocols, companies, and other cryptocurrency-related entities.

The report is not legally binding, but could allow the Security Council and member states to impose new sanctions on companies or individuals found to be in violation, Nikkei Asia notes. Moreover, the report emphasized that approximately 40% of the funds for developing weapons of mass destruction were obtained through cyber attacks. Recent targets of these operations have included defense-related companies, and there has been increased sharing of infrastructure and tools between hackers affiliated with North Korea’s main foreign intelligence agency, the Reconnaissance General Bureau.

Despite economic sanctions in place to curb the flow of funds to North Korea and regulate imports and exports, it is clear that North Korea-linked cybercriminals continue to target the cryptocurrency market.

In 2023 alone, hackers linked to North Korea stole an estimated $430 million from decentralized finance (defi), while also stealing centralized services, exchanges and wallet providers, according to data from blockchain forensics company Chainalytic. It was targeted. The US-based company said hacking groups Kimsuky and Lazarus Group have deployed 20 successful attacks against various platforms, generating approximately $1 billion worth of cryptocurrency in 2023, which is less money stolen than in 2022. It was said that this decreased by 41.7%.

“While the total amount stolen from cryptocurrency platforms in 2023 has decreased significantly compared to previous years, it is clear that attackers are becoming increasingly sophisticated and diverse in their attack methods.” chain analysis

Last year, hackers only stole $1.1 billion in smart contracts, meaning the total value stolen from decentralized finance was down 63.7% year-on-year. Experts attribute this decline to the enhanced security measures implemented in DeFi protocols.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dreamcash starts the trading platform rollout with hyperclicade integration through waiting list.

August 6, 2025

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

POLYMARKET will re -enter the United States after the acquisition of QCEX $ 112 million.

July 22, 2025
Add A Comment

Comments are closed.

Recent Posts

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Bybit’s Ben Zhou Charts Bold New Course To Rewrite Crypto Success At Mid-Year Keynote

August 6, 2025

Quantum advantage: Is the threat really?

August 6, 2025

Flipster And Kaia Partner To Extend Stablecoin Access Across Asia

August 6, 2025

MEXC Ventures Invests In Triv, Indonesia’s Leading Crypto Exchange, At $200 Million Valuation To Accelerate Southeast Asia Expansion

August 6, 2025

QPR has a partner relationship with Tokenfi to sponsor training kits.

August 6, 2025

Dreamcash starts the trading platform rollout with hyperclicade integration through waiting list.

August 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025
Most Popular

WELLGISTICS Health to Integrate XRP into payment infrastructure

May 11, 2025

Insights from Avantgarde Founder Mona El Isa – Blockchain News, Opinion, TV and Careers

February 23, 2024

Bitcoin Events announces two exciting events in South Africa: Crypto Fest 2024 and Blockchain Africa Conference 2024.

June 11, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.