White House Reports: Crypto Theft Fund North Korea Missiles
A White House official has disclosed that nearly half of North Korea's missile program funding is obtained through cyberattacks and cryptocurrency theft. Anne Neuberger, Deputy National Security Adviser for Cyber and Emerging Technology, stated that the U.S. government is working diligently to comprehend how North Korea continues to be highly inventive in the cyber domain.
Neuberger shared these insights during an event hosted by the nonprofit Special Competitive Studies Project. She highlighted that US intelligence agencies are working to pinpoint North Korean agents, as the Treasury Department tracks down stolen cryptocurrency. The Biden administration is investing significant time and thought into addressing this issue.
Over the past several years, North Korean hackers have stolen billions of dollars from banks and cryptocurrency firms, offering a crucial revenue source for the regime. According to reports from the United Nations and private companies, U.S. officials have long suspected that these funds contribute to Pyongyang's weapons development but have rarely discussed the matter in public.
This news aligns with previous reports that North Korea has been ramping up cyberattacks to save its economy, highlighting the extent to which the regime relies on cybercrime for financial support.
Over the past several years, North Korean hackers have stolen billions of dollars from banks and cryptocurrency firms, offering a crucial revenue source for the regime. According to reports from the United Nations and private companies, U.S. officials have long suspected that these funds contribute to Pyongyang's weapons development but have rarely discussed the matter in public.
This news aligns with previous reports that North Korea has been ramping up cyberattacks to save its economy, highlighting the extent to which the regime relies on cybercrime for financial support.
