North Korea Has Stolen Billions in Cryptocurrency and Tech Firm Salaries, Report Says (apnews.com)
- Reference: 0179869598
- News link: https://yro.slashdot.org/story/25/10/25/1246241/north-korea-has-stolen-billions-in-cryptocurrency-and-tech-firm-salaries-report-says
- Source link: https://apnews.com/article/north-korea-cyber-nuclear-russia-un-sanctions-28b6681541a62d809c52e0f2625febc9
That's according to a new [2]the 138-page report by a group watching North Korea's compliance with U.N. sanctions (including officials from the U.S., Australia, Canada, France, Germany, Italy, Japan, the Netherlands, New Zealand, South Korea and the United Kingdom). [3]From the Associated Press :
> North Korea also has used cryptocurrency to launder money and make military purchases to evade international sanctions tied to its nuclear program, the report said. It detailed how hackers working for North Korea have [4]targeted foreign businesses and organizations with malware designed to disrupt networks and steal sensitive data...
>
> Unlike [5]China, Russia and Iran , North Korea has focused much of its cyber capabilities to [6]fund its government , using cyberattacks and fake workers to steal and defraud companies and organizations elsewhere in the world... Earlier this year, hackers linked to North Korea [7]carried out one of the largest crypto heists ever , stealing $1.5 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 [8]thousands of IT workers employed by U.S. companies were actually North Koreans [9]using assumed identities to land remote work. The workers gained access to internal systems and [10]funneled their salaries back to North Korea's government . In some cases, the workers held several remote jobs at the same time.
[1] https://apnews.com/article/north-korea-cyber-nuclear-russia-un-sanctions-28b6681541a62d809c52e0f2625febc9
[2] https://msmt.info/Publications/detail/MSMT%20Report/4221
[3] https://apnews.com/article/north-korea-cyber-nuclear-russia-un-sanctions-28b6681541a62d809c52e0f2625febc9
[4] https://apnews.com/article/japan-indonesia-south-korea-north-government-c31a92552bdad882b80d6a771e12ac2d
[5] https://apnews.com/article/ai-cybersecurity-russia-china-deepfakes-microsoft-ad678e5192dd747834edf4de03ac84ee
[6] https://apnews.com/article/un-experts-north-korea-cyberattacks-nuclear-sanctions-8e84703049dfb4fda011829115777c9e
[7] https://apnews.com/article/bybit-exchange-crypto-hack-north-korea-7c8335c1397261554138090c2c38f457
[8] https://apnews.com/article/north-korea-weapons-program-it-workers-f3df7c120522b0581db5c0b9682ebc9b
[9] https://apnews.com/article/fbi-justice-department-north-korea-c65e175c6ccd722e691d56121dff9e5e
[10] https://apnews.com/article/north-korea-it-workers-indictments-7beb2f611489da09fe36ee14736b28b9
Now I know what crytpo is good for! (Score:5, Insightful)
Supporting evil political regimes! Like in North Korea and the US.
Not to mention illegal porn, weapons, and drugs. Not to mention scammers and criminals.
Well, thank fucking God, because I thought it was useless. A net good for society for sure.
Re: (Score:3)
It seems like in all computer related blackmail, ransomware, and even kidnapping schemes, the criminal asks for payment in BTC. Then they convert it to cash from "decent" people who don't want to miss out on the bubble. Something seems really screwed up about that.
Re: (Score:2)
My wife got taken by scammers, but I stopped her before she could move any money. Yes, they're evil and fucked up, and people who actually use crypto are, for the most part, criminals. Even those moving money across borders without an ill intent are still circumventing a lot of laws.
I hope your happy (Score:2)
But "number went up" and coins that were given away by the thousands for pizza are now funding bombs. When pyramids (schemes) are made, robbers are looting them.
The tech firms weren't stolen from (Score:1)
Apparently the North Koreans were actually doing the jobs. Sure, the money ended up with the North Korean government, but when your own government takes your money that's taxation, and only libertarians call it theft.
If North Koreans can get IT jobs ... (Score:1)
then it must be easy! I've had someone level that criticism at me for having trouble finding another IT job after being laid off. I argued it was just the opposite, these workers would be the best and brightest in the country and supported by a whole team to succeed. Not to mention they could lie with impunity to get the job with no consequences if caught in a lie.
Yeah, baby! (Score:2)
Trump would certainly like to get a piece of that action!
Re: (Score:2)
> Trump would certainly like to get a piece of that action!
Got any proof he isn't already? Remember, Trump and Kim Jong-un are pen-pals who "get along very well".
Is it fraud if you do the job? (Score:2)
Of course crypto anything is a scam, but I hear the N Korean guys who get the tech jobs actually work pretty well at the tech problems, so they do kinda earn their salaries, Who knows what else they're stealing from the company while they work, but apparently they do actually do the coding they're paid for.
Duh (Score:4, Insightful)
Crypto was, is, and ever shall be, a scam.
Re: (Score:2)
> Crypto was, is, and ever shall be, a scam.
Someone else used to think that: [1]Donald Trump calls Bitcoin 'a scam against the dollar' [bbc.com], but now... [2]Trump pardons convicted Binance founder 'CZ' Zhao [reuters.com] who plead guilty, btw, while retaining his stake in Binance, the company that supports Trump family's World Liberty Finance crypto venture, through which they make $$$.
[1] https://www.bbc.com/news/business-57392734
[2] https://www.reuters.com/world/us/trump-pardons-convicted-binance-founder-zhao-white-house-says-2025-10-23/