North Korea Allegedly Using Stolen Crypto Funds to Fund Its Missile Program

North Korea used stolen crypto funds to fund missile development program, Reuters reported
 North Korea Allegedly Using Stolen Crypto Funds to Fund Its Missile Program
READING NOW North Korea Allegedly Using Stolen Crypto Funds to Fund Its Missile Program

According to Reuters, North Korea used stolen crypto funds to fund its missile development program.

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In the Reuters news, he referred to a report prepared for the United Nations. It was stated in the report that a money of 50 million dollars was used. In a similar report, Chainalysis previously published, claimed that the money amounted to $ 400 million.

The report included the following statements:

“According to one member state, North Korea’s cyber actors stole more than $50 million from at least three cryptocurrency exchanges in North America, Europe and Asia between 2020 and 2021”

Reports on North Korea’s nuclear and ballistic missile report are prepared annually and submitted to the North Korea sanctions committee of the United Nations Security Council.

In addition to Chainalysis’s report, the United Nations report earlier claimed that this amount was $300 million.

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