The UN report said North Korea was behind the $ 281 million stock market hack to fund nuclear weapons. A preliminary report from a United Nations investigation shows that North Korea is using revenue from crypto hacks to fund its weapons programs.
$ 281 million hack
The UN report said North Korea was behind the $ 281 million stock market hack to fund nuclear weapons.
The United Nations accused North Korea of stealing $ 281 million worth of crypto from an exchange in September 2020.
According to Reuters, the findings from a “secret report” written by independent sanctions overseers for UN Security Council members show links between the perpetrators of the pirate and the North Korean regime.
Reuters noted that the UN report accused North Korea of using stolen funds to support nuclear and ballistic missile programs in violation of international sanctions.
Despite the report containing several concrete details about the hacked exchange, Frank van Weert of crypto data firm Whale Alert thinks the report should refer to the September 2020 KuCoin hack. Chainalysis estimated $ 275 million in losses from the KuCoin hack.