UN experts claim North Korea may be responsible for $281M crypto hacking incident, KuCoin the likely victim

posted 8 months ago
A United Nations inquiry into the theft of $281 million worth of assets from a cryptocurrency exchange last September “strongly suggests” links to North Korea - with industry analysts pointing to Seychelles-based KuCoin as the victim of one of the largest reported digital currency heists.

“Preliminary analysis, based on the attack vectors and subsequent efforts to launder the illicit proceeds, strongly suggests links to the DPRK,” the monitors wrote. They accuse Pyongyang of using stolen funds to support its nuclear and ballistic missile programs to circumvent sanctions. Digital currency exchange KuCoin had reported the theft of $281 million in bitcoin and various other cryptocurrencies on Sept. 25th, 2020.
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