North Korean attacks on crypto exchanges reportedly netted $316m in two years

North Korean attacks on crypto exchanges reportedly netted $316m in two years

North Korean attacks on crypto exchanges reportedly netted $316m United Nations sanctions made silly by sloppy security North Korean cyber-attacks harvested $316m in cryptocurrency across 2019 and 2020, according to a report by Japan’s Nikkei.


The outlet says it saw that figure in a draft of a United Nations report destined for the desk of the Security Council's North Korea Sanctions Committee.

That Committee’s web page lists numerous reports that mention North Korea’s interest in acquiring cryptocurrency by illegitimate means. The August 2020 interim report [PDF] by the Panel of Experts that monitors North Korea states: “One Member State reported that [North Korean] attacks against virtual currency exchange houses have produced more illicit proceeds than attacks against financial institutions.”


And a 2019 document suggests the rogue nation’s hacking activities, including attacks on cryptocurrency exchanges, netted $2b in the preceding five years.

I was targeted by North Korean 0-day hackers using a Visual Studio project, vuln hunter tells El Reg


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Evidence of successful attacks on cryptocurrency exchanges is not hard to find. The Register has reported on such events here, here, here,