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North Korea stole record amount of crypto in 2022: U.N. report

Security Council panel details isolated country's use of sophisticated techniques

North Korean leader Kim Jong Un, center, presides over a military meeting in Pyongyang on Feb. 6.   © Reuters

UNITED NATIONS -- North Korea stole a record amount of cryptocurrency assets in 2022, according to a draft United Nations report obtained by Nikkei, another sign of how the isolated country is circumventing international sanctions to raise funds.

The report, compiled by a U.N. Security Council panel, details that North Korean actors used increasingly sophisticated techniques to gain access to digital networks involved in cyber finance and steal information of potential value, including for weapons programs. This led to a higher value of cryptocurrency assets being stolen by North Korea in 2022 than in any previous year, according to the report.

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