US White House Accuses North Korea of Funding Its Missile Projects with Stolen Crypto

As per an anonymous official from the United States White House, the rival country North Korea is engaged in malicious operations. The accused country has allegedly funded nearly 50% of the missile tests via crypto theft as well as cyberattacks. Recently, a report was published by the blockchain data firm Chainalysis in this respect.

White House Official Says North Korea Funded Its Missile Programs with Embezzled Crypto

The company mentioned in the respective report that the hackers from North Korean jurisdiction remained successful in stealing a huge worth of up to $1.7B in the form of digital assets throughout the last year.

It is arguable that the most infamous local hacking group in North Korea – the Lazarus Group – has been at the back of several exploits that took place during the previous year.

North Korea’s jurisdiction is making great efforts to turn into a military giant in recent years. It is categorized among a few nations around the world that possess nuclear weapons.

The authorities of the country, under the leadership of Kim Jong Un, additionally take the opportunities focused on upgrading its existing weapons by conducting missile projects as well as diverse tests.

An official from the White House recently revealed that the cyberattacks as well as the stolen crypto fund 50% of the war-related endeavors of North Korea. The official’s name is Anne Neuberger is the Deputy National Security Adviser for emerging and cyber technology.

The official mentioned that Joe Biden’s (the US President) cabinet is consuming a considerable time and thinking too much in this respect.

As per the official, they are expressing much slackness while considering the shrewdness of North Korea while engaging in creative methods via its malicious activities.

In addition to this, she also disclosed that the intelligence agencies operating within the jurisdiction of the US are attempting to detect bad people. According to her, the relevant organizations are making several endeavors to track the swindled assets.

Apart from that, the United Nations also claimed that the totalitarian country has been involved in financing missile projects as well as nuclear experiments dealing with crypto theft. Despite the entirety of the allegations and threats posed by the Western world, the country is determined to keep on advancing its war-centered endeavors.

The authorities operating within the country issued a statement thirty days back. As per them, they tested a highly dominant missile up till now. The experts cautioned that the latest weapon will have the potential to rapidly hit other countries taking into account the United States with an additional devastating effect.

Kim Jong Un is responsible for supervising the test. He asserted that the experiment would be hard on the rival countries.

North Korean Lazarus Group Leaves Mark with Astounding Crypto Exploits

Swindling crypto assets through very sophisticated hacking operations acts as a signature move that the cybercriminals in North Korea adopt. The blockchain data company Chainalysis assessed that such bad actors took away up to $1.7B in the form of digital assets through many attacks during the year 2022.

The Lazarus Group is credited for carrying out a few largest exploits during the previous year. For instance, the US Federal Bureau of Intelligence claimed that the Lazarus Group was at the back of the huge $625M hack that targeted the Ronin Network.