North Korea Denies Stealing $2 Billion from Banks and Crypto Exchanges

North Korea is denying allegations of getting $2 billion through hacking cryptocurrency exchanges and banks.

On September 1, the nation’s official state media, the Korea Central News Agency (KCNA) denied charges of enormous theft by North Korean agents.

“Democratic People’s Republic of Korea cyber actors were raising money for its WMD (weapons of mass destruction) programs, with total proceeds to date estimated at up to two billion US dollars,” the United Nations Security Council North Korea sanctions committee stated.

In response, KCNA mentioned a report from the National Coordination Committee of the DPRK for Anti-Money Laundering and Countering the Financing of Terrorism, which asserts that the United States and other threatening powers are presently spreading hostile rumors. It stated:

“Such a fabrication by the hostile forces is nothing but a sort of a nasty game aimed at tarnishing the image of our Republic and finding justification for sanctions and pressure campaign against the DPRK.” 

Furthermore, the statement said that the UN is “re-enacting the same old trick as the Hitler fascist propagandists used to cling to.”

The UN was exploring 35 reported North Korean cyberattacks across 17 nations. Ten were targeted at South Korea and three attacks were targeted at India.