Cryptocurrency

UN Investigates Cyber Attacks of North Korea in 35 Countries

UN is on constant investigation spurge about the North Korean cyberattacks. According to reports, North Korea is indulged in such activities with the desire to raise money for its nuclear programs. The UN suspects that North Korea can start a nuclear war based on that. According to the authorities, such activities have been performed 35 times by North Korea in 17 different countries.

Last week it was reported that North Korea has successfully acquired 2.2 billion dollars illegally. This report also exposed the names of the victim countries. South Korea seems to have been the most hit by this causality. They were cyber-attacked 10 times. The list of other affected countries includes India, Bangladesh, Chile, and many more. India was hit three times, whereas Bangladesh and Chile faced this scenario twice. 13 more countries like Costa Rica, Gambia, Guatemala, Kuwait, Liberia, Malaysia, Nigeria, Poland, Slovenia, South Africa, Tunisia, and Vietnam suffered this attack one time.

North Korea has been able to attack so many countries in such a short period because of its sophisticated cyber activities. It has been performing these activities against financial institutes and cryptocurrency exchanges. North Korea has successfully evaded the sanctions on the import of coal, refined petroleum products, and luxury items such as Mercedes Benz S600.

It has been reported that during the last summit between North Korea’s leader Kim Jong Un and U.S. President Donald Trump, such activities took place; one Mercedes Benz Maybach S-Class limousine and other S600s with Toyota Land Cruiser were transferred from North Korea to Vietnam. To which Vietnam authorities added that they asked for a list of vehicles but never provided with one.

North Korea started these attacks in the year 2017. South Korea, one of the most active users of cryptocurrency, faced the first two attacks in February 2017 and also in July in the same year causing a loss of $7million each time. In the year 2018, they underwent their 3rd and 4th attack by North Korea, causing a loss of $31 million and $20 million respectively.

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About author
Jill Fortner is a professional news writer with background in IT and finance. She contributes in-depth news articles on world's leading cryptocurrencies. She has contributed to number of news sites till now. Recently, she joined us as a full time crypto news writer. In addition to writing, she loves to interview leading players of crypto industry.
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