By On September 2, 2019, reports suggest that North Korea has refuted the accusations of cyber-attacks on banks and cryptocurrency exchanges to acquire $2 billion. North Korea blamed the United States for spreading rumours.
This news follows a UN report published by Reuters on August 5. The report stated that North Korea had acquired approximately $2 billion to fund weapons program. The said funds are reported to be stolen through cyberattacks from crypto exchanges and banks.
It’s All Rumours – North Korea Denies
According to KCNA, North Korea’s state-run news agency, the spokesperson for the National Coordination Committee of the DPRK for Anti-Money Laundering and Countering the Financing of Terrorism, stated that the US and its allies are merely spreading case-hardened rumours.
“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.”
Hopes for Future Peace Talks Torn to Pieces
It is reported that Washington has made little progress in getting North Korea to halt its Nuclear weapon projects. Apparently, the three meetings between North Korea’s leader, Kim Jong-un, and Donald Trump, the US President, were futile.
This Saturday, North Korea’s Vice Foreign Minister noted that talks with Washington are hopeless. He also went on and condemned the recent comments by Mike Pompeo about North Korea’s rogue behaviour.
A Recap of the Allegations
The UN report was drafted by independent professionals examining the compliance of Pyongyang (the capital city of North Korea) with international sanctions over the past six months. It unveiled that North Korea has been engaging in a broad and highly complicated cyber-attacks, which have netted the rogue state 1.7 billion Euros. Recently, Pyongyang has been highly accused of a sequence of online attacks. The attacks are mostly associated with financial networks in the US, South Korea, and more than a dozen states. According to experts, such cyber-attacks are generating hard currency for the country’s regime.
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