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International relations

North Korea cyberattacks gained $300m in cryptocurrency: UN panel

Draft report shows isolated nation continues to evade sanctions during pandemic

In two cases of hacking that targeted cryptocurrency exchanges, North Korea used a technique known as "chain hopping."   © Reuters

NEW YORK -- North Korea has been launching dozens of cyberattacks on cryptocurrency exchanges and companies in the defense sector to obtain foreign currencies and military information, according to a draft report by a UN expert panel.

The draft, obtained by Nikkei, shows that North Korea stole an estimated total of $316 million in 2019 and 2020 through cyberattacks on cryptocurrency exchanges -- a clear sign the country continues to try and sidestep international sanctions even during the coronavirus pandemic. 

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