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February 07,2022

Anna Murray 

According to reports, the United Nations Security Council North Korea Sanctions Committee received a confidential annual report from independent sanctions monitors on February 4. Hundreds of millions of dollars have been stolen from banking institutions, cryptocurrency firms, and exchanges and used to fund Kim Jong Un's nuclear and missile programs, based on the UN Security Council report.

Chainalysis, a blockchain data platform, previously released its 2022 Crypto Crime Report, titled "North Korean Hackers Have Prolific Year as Their Unlaundered Cryptocurrency Holdings Reach All-Time High," which detailed cryptocurrency crime in the Democratic People's Republic of Korea (DPRK).

North Korean cybercriminals had a successful year in 2021, according to Chainalysis. From 2020 to 2021, the number of hacks associated with North Korea increased from four to seven, with the value extracted from these hacks increasing by 40%. North Korea carried out at least seven cyberattacks on cryptocurrency exchanges in 2021, stealing approximately $400 million in digital assets.