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

Exploring the Mental Health Effects of Following the Middle East Conflict

The ongoing turmoil in the Middle East is intensifying, with significant developments…
Baby's finger tip 'severed' at Queensland early childhood centre

Tragic Incident: Baby’s Fingertip Severed at Queensland Early Childhood Centre Sparks Safety Concerns

An investigation is underway after a child’s finger tip was reportedly severed…
Kyle and Jackie O's station slapped down by media watchdog

Media Watchdog Takes Action Against Kyle and Jackie O’s Radio Station

The radio network behind The Kyle and Jackie O Show will have…

From Punk Roots to Oscar Buzz: ‘Sentimental Value’ Director’s Unconventional Journey

Long before Joachim Trier ascended to the ranks of Academy Award winners,…
Businesses impacted by one of the world's longest COVID-19 lockdowns will receive $125 million from taxpayers.

Victorian Taxpayers Contribute $125 Million Toward COVID Shutdown Costs

Businesses impacted by one of the world’s longest COVID-19 lockdowns will receive…
Premier Chris Minns tried to soothe the concerns of industry leaders as the petrol crisis grows.

NSW Government Engages with Industry Leaders Amid Escalating Fuel Crisis

New South Wales Premier Chris Minns has assured residents that the state…
Ozempic wants more Aussies on weight-loss drug cheaply. Doctors disagree

Ozempic Seeks Broader Access to Affordable Weight-Loss Medication for Australians, Facing Resistance from Medical Professionals

Medical professionals are expressing concern over a Danish company’s proposal to make…
Interest Rates March 17 2026 VoxPops

Tomorrow’s Interest Rate Hike Sparks Widespread Concern and Budget Cuts

Australians are already struggling under the weight of rising costs, and today’s…

Israeli Forces Initiate Ground Operation in Southern Lebanon

In brief Israel’s defence minister has warned that those displaced in Lebanon…

New Alert Issued on Hazardous Financial Guidance Aimed at Young Australians

In brief Nearly two out of three respondents said they had logged…
Petrol prices showing BP petrol station in Clovelly 16th March 2026.

Urgent Talks with Top Fuel Giants: Solutions to the Ongoing Petrol Crisis Unveiled!

Australia’s consumer watchdog insists it will keep a close eye on fuel…
Father-of-two Blair Campbell (pictured with wife Tina), 35, died after he accidentally hit a substation wire covered in ivy in October 2022

Tragic Loss: Widow Sues Energy Firm After Husband Fatally Electrocuted by Hidden Substation Wire

The widow of a gardener who tragically lost his life due to…