Reuters exclusively revealed record-breaking 2022 for North Korea crypto theft, UN report says – Reuters News Agency

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By Amit

Business & Finance

Reuters exclusively revealed that North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defense companies. A confidential United Nations report seen by Reuters said North Korean-linked hackers were estimated to have stolen virtual assets worth $630 million in 2022, while North Korean cybercrime is believed to have yielded cybercurrencies worth more than $1 billion.

Market Impact

The sanctions monitors said South Korea estimated that North Korean-linked hackers stole virtual assets worth $630 million in 2022, while a cybersecurity firm assessed that North Korean cybercrime yielded cybercurrencies worth more than $1 billion. “The variation in USD value of cryptocurrency in recent months is likely to have affected these estimates, but both show that 2022 was a record-breaking year for DPRK (North Korea) virtual asset theft,” the U.N. report said.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Aerospace & DefenceBusiness & FinanceTechnology

Regions: Asia

Countries: North Korea

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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