North Korea Accused Of Stealing $2 Billion Via Bitcoin Exchanges

North Korea accused of siphoning more than $2 billion from banks and bitcoin exchanges by the United Nations officials and US representatives as we can read in the coming altcoin news below.

The dictatorship country denied that it had any connections with the high-profile thefts and its state-run news agency KCNA stated that the United States and their allies are spreading lies and the media company cited a statement from the National Coordination Committee spokesperson of the DPRK stating:

 “Such a fabrication by the hostile forces is nothing but a sort of a nasty game aimed at tarnishing the image of our Republic and finding justification for sanctions and pressure campaign against the DPRK.”

The United Nations report that was issued last month stated that Pyongyang had launched ‘’widespread and increasingly’’ sophisticated online attacks on crypto exchanges and banks. North Korea accused to have stolen more than $2 billion in order to a weapon of mass destruction programs and the report added that the intelligence agency of the country the Reconnaissance General Bureau had supervised the said cyber attacks. North Korea’s denial came only two weeks after the country criticized the US and South Korea for making too many military threats against the communist state.

Last August, Pentagon tested the ground-launched missile for the first time since the United States retraced from the Intermediate-Range Nuclear Forces Treaty. On the other hand, North Korea has carried out a missile as well and weapons tests since Donald Trump met with the leader of the country indicating that the summits have not reached a resolution. The concerns for the US are the ways North Korea receives its funds to fund the missile programs despite being subjected to heavy sanctions. The UN also believes North Korea initiated more than 3 attacks across 17 countries with a particular focus on bitcoin which flows across nations via financial pipelines as we can read in the latest cryptocurrency news reports.

The additional evidence that was gathered by cybersecurity company FireEye provided the same data. As per the cyber investigation company stated that the criminal outfit is known as ‘’Lazarus Group’’ has spied the affected banks and exchanges if not hacked them:

 “North Korea works through small “front” companies some owned by private foreign trading partners to move currency and bartered goods.’’