“Crypto Superpowers”: Financing with Bitcoin & Co.: How North Korea Uses Crypto Money for Its Nuclear Weapons Program | news

"Krypto-Supermacht": Finanzierung mit Bitcoin & Co: Wie Nordkorea Krypto-Geld für sein Nuklearwaffen-Programm nutzt

• North Korea troubled by missile tests
• Lazarus Hacker Group Targets Cryptocurrencies
• Stolen Cryptocurrency Flows to Nuclear Weapons Program

In early October, Pyongyang allowed a medium-range missile to fly over the Japanese archipelago for the first time in five years, although UN resolutions actually bar North Korea from testing any range of ballistic missiles, which Might as well be depending on the design. carrying nuclear weapons. It caused great concern in the region, after all, just days after North Korea tested nuclear weapons when it fired such a missile over Japan in 2017. Now it is feared that the country may conduct nuclear tests in the next few weeks for the first time since 2017.

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many restrictions

North Korea’s aggressive behavior led to widespread sanctions on it years ago. Among other things, an arms embargo imposed by the Security Council prohibits the importation of heavy weapons and rocket technology, but industrial plants, machines, vehicles and metals can also be found on the sanctions list. In addition, the goal is to ban luxury products under the leadership of dictator Kim Jong-un.

It is true that Russia and China are loosening trade sanctions as they fear regime change in Pyongyang and the subsequent growing US influence in North Korea. But while Kim Jong-un carried out a series of highly provocative nuclear and missile tests, even these two states took a tough stand for the time being. In such a situation, the question arises, from where does the People’s Republic get the money for its nuclear weapons program?

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crypto superpower

It has been suspected for some time that North Korean hackers are stealing billions of dollars in cryptocurrencies and using this money to fund a nuclear weapons program. According to data from Chainalysis, North Korea captured over $840 million worth of cryptocurrencies in the first half of 2022 alone. According to a report from CNET, Anna Neuberger, deputy national security adviser to the Biden administration, estimates that a third of the stolen cryptocurrency goes to the nuclear weapons program.

Nick Carlson, a former FBI analyst, said, “Cryptocurrencies are now arguably essential to North Korea.” North Korea is now a crypto superpower by any standard.

Hackers apply to crypto companies

The focus is on the Lazarus Group hackers who are said to be linked to the North Korean Foreign Intelligence Service. A report from “CNET” reveals how hackers proceed: according to it, a large accumulation of suspicious applications in Elliot Garlock and other US recruiters gives rise to suspicions that North Korean hackers are using cryptographically prepared application documents. Trying to break into companies.

Another common method used by Lazarus is called a phishing attack. According to Cointelegraph, Japanese police, which hold Lazarus responsible for several crypto cyber attacks that have been taking place over the years, are warning about this. “This group sends phishing emails to employees, pretending they are from company executives, using social networks with fake accounts and claiming to be carrying out business transactions. The hacking group then uses malware to make victims K network,” Japan’s national police agency and financial regulator said in a statement in mid-October.

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