South Korea imposes sanctions on North Korea . Cryptocurrencies are often stolen due to many cyberattacks. Officials in Seoul say the Pyongyang regime is using digital assets to fund nuclear and missile development projects.
South Korea imposes first cybercrime sanctions on North Korean hackers
South Korean government allegedly acts to fund North Korean military program We have introduced sanctions in response to cyberattacks. The measures target four of her individuals and seven of her entities in North Korea, the Ministry of Foreign Affairs in Seoul announced on Friday.
The first sanctions independently imposed by South Korea targeted persons associated with North Korea’s main intelligence agency, the Reconnaissance General Bureau, believed to be responsible for North Korea’s cyber warfare operations. It is
Among them are the Lazarus Group, a hacking group associated with stolen hundreds of millions of dollars in cryptocurrency, and one of its members, the FBI’s most wanted list of cybercriminals. Including his Park Jin Hyok, which is on . Wannacry is behind ransomware and other cyberattacks.
A senior foreign ministry official quoted by the Korea Herald stressed that these were “not the only targets” under scrutiny, without giving details. bottom. UPI also reported that the Pyongyang Automation University, which is believed to be training North Korean hackers, is also blacklisted.
South Korea’s Ministry of Foreign Affairs said these hackers have stolen more than $1.2 billion in digital currency since 2017. More than half of that was due to an attack last March against his Ronin, the blockchain his network of the online game Axie. infinite.
North Korea stole more crypto assets in 2022 than in any previous year, according to a draft UN report produced by an independent sanctions watchdog. The document, which has not yet been made public, cites various estimates, including estimates that the hackers working in Pyongyang obtained over $1 billion in virtual cash during the investigation.
Image Credits: Shutterstock, Pixabay, Wiki Commons