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North Korea Dismisses Allegations Its Agents Hacked Banks and Crypto Exchanges to Steal Billions

North Korea has strongly denied allegations that it has diverted $2 billion by hacking crypto exchanges and banking institutions. The denial was issued on September 1 via the country’s official news media, the Korea Central News Agency (KCNA). 

News from National Coordination Committee of the DPKR

According to a statement recently released by the spokesperson of the National Coordination Committee of the DPKR for Anti-Money Laundering and Countering the Financing of Terrorism, the United States and other “hostile forces” have accused North Korea of utilizing cyber agents to illicitly transferring two billion dollars to fund programs that support weapons of mass destruction (WMD). 

The statement also revealed that the accusations were made without scientific evidence and was reflected in the Midterm Report of UN Security Council’s Panel of Experts of the Sanctions Committee. 

Aside from denying the allegations, North Korea also emphasized that it has never, or ever will, recognize the UN Security Council. 

KCNA

The KCNA also cited the statement’s charge that the “fabrication by the hostile forces” was an offensive game with the objective of damaging the country’s reputation. The accusation was also said to be a way for the UN to justify the sanctions and the campaign to put pressure on North Korea. 

North Korea’s National Coordination Committee also accuses the United Nations as taking a page out of Hitler’s book and said it was the same trick the dictator’s fascist propaganda machine used.

Reports had previously surfaced that the UN was currently investigating 35 cyberattacks allegedly done by North Korea. The attacks were said to occur across 17 countries, with 10 of the attacks targeting South Korea directly. Meanwhile, India was said to be hit by three attacks.

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