The UN report is right about the North Korean hackers. Most of the North Korean hackers find it as hobby to hack crypto users and exchanges because no one is there to stop them. $750M is not a small amount and it can't be done without support from a government.
The North Korean government doesn't take any actions against those thefts and that's why the malicious actors get more courage to do such crimes. When government support is in your back and criminals get rewarded then in a country like that everyone will try to follow the same path.
~Snip~I believe whatever you said is 100% true but still the NK government pretends that they don't know much about such hacks and they have no involvement with the hacks and the hackers. That's a master plan by a government to earn the revenue, the dictator knows that it would be hard for other governments and crypto users to take any actions against them and that's why they are doing such hacking without any fear from other countries.
So all those cases of stolen cryptos are actions supervised and controlled by the NK government itself, not some rogue hackers who if they would try such a thing in NK would get 100 bullets in their head the next day without a trial.
The UN report is right about the North Korean hackers. Most of the North Korean hackers find it as hobby to hack crypto users and exchanges because no one is there to stop them. $750M is not a small amount and it can't be done without support from a government.I wouldn't call it a hobby as it is a state sponsored hack, US call them the Lazarus group and then with that group, there are maybe some groups as well. It's a hobby if they are a group of hackers, but we all know that North Koreans doesn't have the luxury to even own a laptop or PC. And it is the number 1 money making for them, it's like a machine that gave the government money and perhaps it's due to the West embargo on them that the leader of the NK will have to find a way and reinvent themselves and now they are really doing good at hacking at anyone they want, specially their counterparts crypto exchanges.
The North Korean government doesn't take any actions against those thefts and that's why the malicious actors get more courage to do such crimes. When government support is in your back and criminals get rewarded then in a country like that everyone will try to follow the same path.
The North Korean government doesn't take any actions against those thefts and that's why the malicious actors get more courage to do such crimes. When government support is in your back and criminals get rewarded then in a country like that everyone will try to follow the same path.
~Snip~I believe whatever you said is 100% true but still the NK government pretends that they don't know much about such hacks and they have no involvement with the hacks and the hackers.
So all those cases of stolen cryptos are actions supervised and controlled by the NK government itself, not some rogue hackers who if they would try such a thing in NK would get 100 bullets in their head the next day without a trial.
I question the accuracy of these reports, in addition to their lack of sensitivity to numbers. The report stated that the amount is $750 million in 2023, which represents 50% of the foreign currency income for North Korea, meaning that the total foreign currency is $1.5 billion, which is a modest amount for any country in the world even If it were North Korea.
Now for real, what government of what country would admit to doing so?None, because any government if say that directly then that could impact them very adversely. I believe NK will also continue playing the game of hacking in background, and when someone asks them about it then they will continue denying it. I'm sure they might be putting so much efforts in hacking because that's a source of income for the country.