Dec 26, 09:00 AM

South Korea Sanctions 15 North Korean IT Workers for Funding Nuclear Programs, Tied to $1.34 Billion Crypto Theft and $308 Million Heist

South Korea has imposed sanctions on 15 North Korean IT workers and one entity in response to their involvement in illicit funding for North Korea's nuclear and missile programs. This action follows reports that North Korean hackers have stolen approximately $1.34 billion in cryptocurrency in 2024, accounting for 61% of global crypto heists this year. Among the notable incidents, a breach at DMM Bitcoin resulted in a loss of $308 million, attributed to North Korean cyber actors. The sanctioned individuals are believed to be affiliated with North Korea's 313th General Bureau, which operates under the Ministry of Munitions Industry. The sanctions aim to disrupt the financial networks supporting North Korea's weapons development efforts.

#South Korea #North Korean #North Korea #DMM Bitcoin #Ministry of Munitions Industry

Written with ChatGPT (GPT-4o mini).