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North Korean hackers stole cryptocurrency worth 3000 crores, Kim Jong uses this money in nuclear program!

The amount stolen by hackers is close to 10 percent of Korea’s military budget. Kim Jong uses this fund for the nuclear program and missile program.

North Korea spends hacking money on military programs.

The speed with which the craze for Cryptocurrency has increased during the Corona period, in the same way there has been a lot of boom in crypto fraud. According to a Bloomberg report, hackers from North Korea stole cryptocurrency worth $ 400 million, or about Rs 3000 crore, in the year 2021. Last year, North Korean hackers attacked the cryptocurrency platform at least seven times and stole $400 million worth of cryptocurrency. It has registered an increase of 40 percent as compared to 2020. This report has been shared by blockchain research firm Chainalysis.

Korean hackers originally targeted cryptocurrency exchanges and investment funds. It was said in this report that this act of North Korea is very poor. Its identity is developing as a country that is working to promote cryptocurrency crime. It has been said in this report that the ruler Kim Jong Un supports hackers there.

Kim Jong is supporting hackers

The United National Security Council (UNSC) also says that the rulers of North Korea help hackers. Nuclear arm program is being supported with the help of this fund. Apart from this, North Korea is also struggling with Global Sanction, due to which its financial condition has worsened. In such a situation, with the help of hackers, Kim Jong is also supporting the economy.

10 percent of the military budget this amount

The research firm says that in 2020, this amount is 1.5 percent of the size of North Korea’s economy. The amount stolen by hackers is close to 10 percent of Korea’s military budget. US National Intelligence says that Kim Jong uses this fund for the nuclear program and missile program.

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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