Seoul: North Korean hackers stole $1.2B in virtual assets.

TL;DR

Seoul: North Korean hackers stole $1.2B in virtual assetsSEOUL, South Korea (AP) — North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years, more than half of it this year alone, South Korea’s spy agency said Thursday.Experts and officials say North Korea has turned to crypto hacking and other illicit cyber activities as a source of badly needed foreign currency to support its fragile economy and fund its nuclear program following harsh U.N. sanctions and the COVID-19 pandemic.South Korea’s main spy agency, the National Intelligence Service, said North Korea’s capacity to steal digital assets is considered among the best in the world because of the country’s focus on cybercrimes since U.N. economic sanctions were toughened in 2017 in response to its nuclear and missile tests.Judge kept FTX execs' plea deals secret to get founder to USFTX founder Bankman-Fried allowed $250M bond, house arrestMicrosoft will fight US over $68.7B Activision Blizzard dealSex-abuse video victimizes child long after abuser is goneIt said North Korean hackers are expected to conduct more cyberattacks next year to steal advanced South Korean technologies and confidential information on South Korean foreign policy and national security.Despite its economic difficulties, North Korea has carried out a record number or missile tests this year in what some experts say is an attempt to modernize its arsenal and boost its leverage in future negotiations with its rivals to win sanctions relief and other concessions."

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