Record-breaking 2022 for North Korea crypto theft: UN report

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Record-breaking 2022 for North Korea crypto theft: UN report
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The report is due to be released publicly later this month or early next month, diplomats said. Read more at straitstimes.com.

NEW YORK - North Korea stole more cryptocurrency assets in 2022 than in any other year and targeted the networks of foreign aerospace and defence companies, according to a currently confidential United Nations report seen by Reuters on Monday.

“A higher value of cryptocurrency assets was stolen by DPRK actors in 2022 than in any previous year,” the monitors wrote in their report - submitted to the 15-member council’s North Korea sanctions committee on Friday - citing information from UN member states and cyber security firms.

The sanctions monitors said the groups deployed malware through various methods, including phishing. One such campaign targeted employees in organisations across various countries. In their latest annual report, the monitors also said Pyongyang continued producing nuclear fissile materials at its facilities and launched at least 73 ballistic missiles, including eight intercontinental ballistic missiles last year.

But North Korea has continued illicit imports of refined petroleum and exports of coal, evading sanctions, the monitors said. They also said they have started an investigation into reports of ammunition exports by North Korea.

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