North Korean Hackers Behind $571M Crypto Heists Says UN Report

North Korean backed hacking groups were behind multiple cyberattacks impacting financial institutions and cryptocurrency exchanges as detailed in a report issued by a panel of experts for the United Nations (UN) Security Council.

According to the report provided by the panel which comes as a confirmation of what security researchers have previously reported, “cyberspace is used by the DPRK as an asymmetric means to carry out illicit and undercover operations in the field of cybercrime and sanctions evasion. These operations aim to acquire funds through a variety of measures in order to circumvent the  sanctions.”

While going through multiple attacks against financial institutions dealing in fiat currency, the report also notes that hackers sponsored by the Democratic People’s Republic of Korea (DPRK) government have also targeted organizations which operate cryptocurrency markets.

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Source: Bleeping Computer