Seoul, First Published Jan 14, 2022, 4:51 PM IST
Seoul: The North Korean hacker army has reportedly carried out seven attacks on cryptocurrency platforms in 2021. According to a report released by blockchain research firm Chinesealis on Thursday, the group has robbed cryptocurrency investors globally of $ 400 million.
The robbery was carried out by a hacker army controlled by the Kim Jong Un regime in North Korea. According to the Chinese analysis report, the attack targeted investment firms and centralized exchanges. Theft has increased by 40% over the previous year.
The discovery of Chineseism underscores Kim Jong Un’s faith in his country’s hacker army. The United States and the United Nations say North Korea is using the money it earns from cybercrime to boost its economy. North Korea is embroiled in a global embargo following its atomic bomb and long-range missile tests.
According to Chinesealysis, the figure is actually only 1.5 percent of North Korea’s economy by 2020. It accounts for more than 10 percent of North Korea’s annual military budget. North Korea’s Cyber Warfare Guidance Unit has more than 6,000 members. The group is also known as Bureau 121, according to reports from the United States and South Korea.
Last Updated Jan 14, 2022, 4:54 PM IST
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