UNSC Panel Probes Over $3B Crypto-Related Heists Allegedly Funding N. Korea's Nuke Program

Crypto-related hacks have been rampant in recent years, and a huge chunk of the cyberattacks targeting crypto firms may be linked to North Korea, a UN Security Council report indicated. (Credit: Richard Patterson/flickr.com)

KEY POINTS

• A UNSC committee is looking into dozens of suspected cyberattacks on crypto firms over the past 6 years
• In the hack of JumpCloud in July, it is believed 2 crypto heists worth over $147.5 million were carried out
• North Korea-linked hackers are believed to have pulled off 17 crypto heists last year, worth over $750 million

The United Nations Security Council (UNSC) Sanctions Committee on North Korea is investigating suspected cyberattacks by North Korean hackers targeting "cryptocurrency-related companies" during a six-year period that led to losses of around $3 billion.