North Korea accused of siphoning more than $2 billion from banks and bitcoin exchanges by the United Nations officials and US representatives as we can read in the coming altcoin news below.
The dictatorship country denied that it had any connections with the high-profile thefts and its state-run news agency KCNA stated that the United States and their allies are spreading lies and the media company cited a statement from the National Coordination Committee spokesperson of the DPRK stating:
“Such a fabrication by the hostile forces is nothing but a sort of a nasty game aimed at tarnishing the image of our Republic and finding justification for sanctions and pressure campaign against the DPRK.”
The United Nations report that was issued last month stated that Pyongyang had launched ‘’widespread and increasingly’’ sophisticated online attacks on crypto exchanges and banks. North Korea accused to have stolen more than $2 billion in order to a weapon of mass destruction programs and the report added that the intelligence agency of the country the Reconnaissance General Bureau had supervised the said cyber attacks. North Korea’s denial came only two weeks after the country criticized the US and South Korea for making too many military threats against the communist state.
Last August, Pentagon tested the ground-launched missile for the first time since the United States retraced from the Intermediate-Range Nuclear Forces Treaty. On the other hand, North Korea has carried out a missile as well and weapons tests since Donald Trump met with the leader of the country indicating that the summits have not reached a resolution. The concerns for the US are the ways North Korea receives its funds to fund the missile programs despite being subjected to heavy sanctions. The UN also believes North Korea initiated more than 3 attacks across 17 countries with a particular focus on bitcoin which flows across nations via financial pipelines as we can read in the latest cryptocurrency news reports.
The additional evidence that was gathered by cybersecurity company FireEye provided the same data. As per the cyber investigation company stated that the criminal outfit is known as ‘’Lazarus Group’’ has spied the affected banks and exchanges if not hacked them:
“North Korea works through small “front” companies some owned by private foreign trading partners to move currency and bartered goods.’’
Philippine Police Makes A Raid On China-Focused Cryptocurrency Scam
“Therefore, these should be registered with the Commission and necessary disclosures need to be made for the protection of the investing public," the draft notes.In February this year, CEZA announced a new set of rules governing digital asset token offerings, designed to regulate the industry and protect investors against acquisition of utility and security tokens.
Crypto Hacker Steals 30,000 EOS Through Gambling Dapps
US Treasury Sanctioned Major North Korean Hacker Groups For Cyberattacks
“Treasury is taking action against North Korean hacking groups that have been perpetrating cyber attacks to support illicit weapon and missile programs. [...] We will continue to enforce existing U.S. and UN sanctions against North Korea and work with the international community to improve cybersecurity of financial networks.”In August this year, many best cryptocurrency news sites talked about the US Treasury and its attempts to sanction hacker groups. The news also reported that the United Nations claimed that North Korea had netted around $2 billion by hacking banks and cryptocurrency exchanges. The UN Security Council North Korea Sanctions Committee also came up with a statement, saying that these hackers formed an essential part of the government's funding, reporting the following:
“Democratic People’s Republic of Korea cyber actors, many operating under the direction of the Reconnaissance General Bureau, raise money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion US dollars.”On September 1 this year, we also reported that the North Korea official state media denied allegations of massive theft by North Korean agents. The KCNA cited a statement from the National Coordination Committee of the DRPK which accused the US and other hostile forces of spreading slanderous rumors. The statement read:
“Such a fabrication by the hostile forces is nothing but a sort of a nasty game aimed at tarnishing the image of our Republic and finding justification for sanctions and pressure campaign against the DPRK.”The statement also added that the UN is "re-enacting the same old trick as the fascist propagandists of Hitler used to use."
Coinbase UK Settles A Phishing Attack Lawsuit Where Victim Lost 80 BTC
Join us on Facebook
- Bitcoin Price Analysts: A Strong Bull Run Is Imminent
- Low Bitcoin Volatility Could Power A Strong Price Movement
- Berkeley City Council Member The First To Buy Cannabis With Cryptocurrency
- Ethereum’s Network Demand Is High Without Transferring ETH Tokens
- Bitcoin.com Crypto Exchange Is Reportedly Faking Its Volumes
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain News2 days ago
German Government To Combat Libra With New Blockchain Strategy
Bitcoin News2 days ago
Bobby Lee Bitcoin Price Prediction: BTC Could Reach $200K Very Soon
Regulation1 day ago
IRS Is Hunting Cryptocurrency Traders With Warning & Action Letters
Altcoin News3 days ago
Ripple Is Selling XRP At Discount To Institutional Buyers
Bitcoin News3 days ago
Bitcoin Attempts To Break The $11,000 Resistance Line: Price Analysis
Ethereum News1 day ago
Ethereum Price Flashing: Can ETH Surge To A New Yearly High?
Analysis1 day ago
Crypto Could Become ‘The Next Frontier’ In The War On Terrorism: US Treasury
Bitcoin News4 days ago
Crypto Survey Shows 40% Of Millennials Would Choose BTC In Recession