Share this article
North Korean Crypto Hackers Have Stolen $3B Since 2017, Says UN Security Council: Report
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million
Updated Mar 21, 2024, 4:38 p.m. Published Mar 21, 2024, 11:30 a.m.
North Korea-linked cryptocurrency hacks totaled $3 billion between 2017 and 2023, South Korean news agency Yonhap reported on Thursday, citing a United Nations (UN) Security Council study.
A UN Security Council panel is investigating 17 crypto heists in 2023, for which North Korea may have been responsible, which were valued at more than $750 million, the report added.
STORY CONTINUES BELOW
There were a total of 58 suspected cyberattacks on crypto-linked firms between 2017 and 2023, according to the report. The report said that North Korea derives around 50% of its foreign currency income from cyber attacks, which is used to fund its weapons programs.
North Korea has been targeting the crypto industry as a means of evading sanctions, the report said, branding the country “the world's most prolific cyber-thief.”
In December, cybersecurity firm Recorded Future also calculated that $3 billion in cryptocurrency had been stolen in the last six years by North Korea-linked hacker organization Lazarus Group.
Read More: EU Parliament Approves New Sanctions Laws That Also Apply to Crypto
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
U.S. bipartisan lawmakers draw up tax bill with stablecoin and staking relief
New House proposal would exempt some stablecoin payments from capital gains taxes and allow stakers to defer income recognition for up to five years.
What to know:
- A bipartisan bill in the U.S. House aims to modernize tax rules for digital assets, addressing issues like excessive taxation and tax abuse.
- The PARITY Act proposes tax exemptions for stablecoins, deferral options for staking rewards, and aligns digital assets with traditional securities.
- The bill includes measures to prevent tax loss harvesting in crypto and offers tax benefits to foreign investors trading through U.S. brokers.
Top Stories
