North Korea's stolen crypto billions revealed
Share this @internewscast.com

North Korean hackers have managed to steal billions by infiltrating cryptocurrency exchanges and assuming fake identities to secure remote tech jobs with international companies, according to a global report examining North Korea’s cyber capabilities.

The report’s authors revealed that Pyongyang officials orchestrated these covert operations to fund research and development of nuclear weapons.

Australian researchers contributed to this 138-page review, which was released by the Multilateral Sanctions Monitoring Team. This group, established last year to track North Korea’s adherence to UN sanctions, includes the US and ten allied nations.

An international report has accussed North Korea of stealing billions in cryptocurrency. The country’s Supreme Leader Kim Jong-un is pictured here.(AP)

The coalition comprises Australia, the US, Canada, France, Germany, Italy, Japan, the Netherlands, New Zealand, South Korea, and the United Kingdom.

This monitoring body emerged after Russia vetoed a UN Security Council resolution that would have tasked a panel of experts with overseeing North Korean activities.

The team’s initial report, published in May, focused on North Korea’s military assistance to Russia.

Earlier this year, hackers linked to North Korea carried out one of the largest crypto heists ever, stealing $US1.5 billion ($2.3 billion) worth of ethereum from Bybit.

The FBI later linked the theft to a group of hackers working for the North Korean intelligence service.

Federal authorities also have alleged that thousands of IT workers employed by US companies were actually North Koreans using assumed identities to land remote work.

The workers gained access to internal systems and funnelled their salaries back to North Korea’s government.

In some cases, the workers held several remote jobs at the same time.

A message left with North Korea’s mission to the UN was not immediately returned on Wednesday.

Share this @internewscast.com
You May Also Like
Prue Car to return to work tomorrow

Prue Car Triumphantly Returns to NSW Parliament After Overcoming Cancer

Car, who is also the state’s education minister, stepped back from the…
Triple murder suspect sighted days after alleged deadly rampage

Suspect in Triple Homicide Spotted Days Following Alleged Violent Incident

NOTICE: Aboriginal and Torres Strait Islander readers should be aware that this…
Newly released images from the US DOJ appear to show Andrew Mountbatten-Windsor – formerly Prince Andrew – on the floor with an unidentified person.

New Revelations Unveiled: Former Prince Andrew’s Ties with Jeffrey Epstein Under Scrutiny

Britain’s royal family is facing a fresh round of embarrassment after the…
Aerial urban suburban cityscape landscape view in Perth Western Australia.

Emerging Capital City Enters the $1 Million Real Estate Club: A Milestone in Housing Market Growth

A new capital has joined the ranks of Australian cities where the…

Reyna’s Family Faces Deportation from Australia as Community Rallies in Support

Reyna Nangan, who has spent more than ten years establishing her life…
Current conditions at Tsugaike Mountain resort.

Tragic Incident: Australian Woman Passes Away at Japanese Ski Resort

An Australian woman has died in an accident at a ski resort…

Australia Faces Camel Crisis as Water Scarcity Drives Desperate Measures

Central Australia has taken decisive action this week by culling approximately 600…
Jack Gibson-Burrell, 22, faced Melbourne Magistrates Court in person on Monday, wearing red Crocs and leaving on a RipStik.

Notorious ‘Pam the Bird’ Graffiti Artist Set for Trial: A Closer Look at the Case

The individual accused of creating the “Pam the Bird” graffiti has entered…

Manhunt Intensifies: Police Deploy Extensive Resources to Capture Fugitive Dezi Freeman

On Monday, authorities are reigniting a major search effort to locate Dezi…
Gold bars.

Gold Prices Plunge Following Trump’s Federal Reserve Leadership Announcement

The price of gold has seen a significant decline, with the precious…
Victoria's Mount Buffalo National Park has officially reopened after an extensive, eight week manhunt for accused police killer Dezi Freeman.

Intensified Manhunt: Police Launch Renewed Search for Accused Killer Dezi Freeman After Gunfire Incident

A major new search for alleged police shooter Dezi Freeman will kick…

Rudd Refutes Claims of Meeting Epstein at New York Residence: ‘No Records Exist

Kevin Rudd, the former Australian Prime Minister and current outgoing US Ambassador,…