In a move to shed light on this alarming trend, an independent committee appointed by the UN will meticulously examine a total of 58 attacks on prominent cryptocurrency companies. Anticipated to conclude in just two months, the committee aims to present a comprehensive report detailing its findings and recommendations.
“During the period spanning from 2017 to 2023, we are meticulously scrutinizing 58 cases of cryptocurrency firm attacks. The overall financial toll of these cybercrimes stands at a whopping $3 billion, and the acquired funds have apparently been funneled towards the development of weapons of mass destruction,” stated a spokesperson for the investigation committee.
The gravity of the situation becomes more apparent when considering the astonishing figures presented by analytical firm Chainalysis. It estimates that North Korean hackers have brazenly siphoned off approximately $1 billion worth of cryptocurrency assets in the past year alone, further intensifying their illicit activities with a staggering $1.7 billion heist in 2022.