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US Imposes Sanctions on North Korean Cyber Operatives Accused of Stealing Over $1 Billion in Cryptocurrency to Fund Weapons Programs

  • North Korea oversees thousands of IT workers around the world who hide their identities and forge documents to get jobs..
  • The US sanctioned several cyber actors and entities, including Pyongyang University of Automation, for supporting North Korea's weapons programs through cyber operations and stealing funds.
  • North Korean state-sponsored hackers are estimated to have stolen between $630 million to $1 billion in cryptocurrency so far this year.
  • The funds go toward supporting North Korea's leader Kim Jong Un and funding the country's nuclear and ballistic missile programs.
  • The cyber thefts are part of a wider effort by North Korea to generate funds through illicit means like cybercrime to evade strict economic sanctions.
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