"The US Treasury accused North Korea of operating state-sponsored hacking schemes that have stolen more than $3bn in mostly digital assets over the past three years, an amount unmatched by any other foreign actor. The Treasury Department said the illicit funds helped finance the country's nuclear weapons programme. The department said North Korea relies on a network of banking representatives, financial institutions and shell companies in North Korea, China, Russia and elsewhere to launder funds obtained through IT worker fraud, cryptocurrency heists and sanctions evasion."
"North Korea has denounced the latest United States sanctions targeting cybercrimes that the US says help finance its nuclear weapons programme, accusing Washington of harbouring wicked hostility towards Pyongyang and promising unspecified countermeasures. The statement on Thursday by a North Korean vice foreign minister came two days after the US Department of the Treasury imposed sanctions on eight people and two firms, including North Korean bankers, for allegedly laundering money from cybercrime schemes."
More than $3bn in mostly digital assets were stolen over three years by North Korean state-sponsored hacking schemes. Illicit proceeds were laundered through a network of banking representatives, financial institutions and shell companies in North Korea, China, Russia and elsewhere. Methods included IT worker fraud, cryptocurrency heists and sanctions evasion. Sanctions targeted eight people and two firms, including North Korean bankers, accused of laundering cybercrime proceeds. North Korea denounced the sanctions, accused Washington of hostility and vowed unspecified countermeasures, while insisting sanctions will not change its strategic posture or nuclear objectives.
Read at www.aljazeera.com
Unable to calculate read time
Collection
[
|
...
]