North Korea uses stolen cryptocurrency to fund its missile program, UN report claims
February 7, 2022 Leave a comment
THE NORTH KOREAN MISSILE program has developed rapidly in the past year, partly due to an influx of stolen cryptocurrency, which has now become “an important revenue source” for Pyongyang, according to a United Nations report. The confidential report was produced for the United Nations’ Security Council, by a committee tasked with monitoring the impact of the supranational body’s sanctions on the North Korean economy.
The United Nations imposed sanctions on North Korea in 2006, in response to its announcement that it possessed nuclear weapons. These sanctions have increased over the years, as Pyongyang has continued to advance its nuclear and ballistic missile programs. The sanctions have targeted the communist country’s export industry sectors, including fisheries, textiles, raw materials such as iron, lead and coal, as well as refined energy products.
Now a new report, produced for the United Nations Security Council, suggests that, not only have the sanctions failed to degrade Pyongyang’s nuclear and missile weapons programs, but that the latter actually saw a “marked acceleration” in 2021. The report was delivered last week to the United Nations Security Council by a committee tasked with monitoring the effects of international sanctions on North Korea. According to the Reuters news agency, which accessed the confidential report, it states that North Korea has been able to demonstrate “increased capabilities for rapid deployment, wide mobility (including at sea), and improved resilience of its missile forces”.
Much of this ability comes from funding derived through “cyberattacks, particularly on cryptocurrency assets”, which have now become “an important revenue source” for the North Korean government. These cyberattacks are conducted by North Korean hackers, who regularly target “financial institutions, cryptocurrency firms and exchanges”. According to the report, North Korean hackers were recently able to steal cryptocurrency valued at over $50 million, by attacking just three cryptocurrency exchanges in a period of just 18 months.
The United Nations report comes in the heels of another report, published last month by cybersecurity firm Chainalysis, which alleged that Pyongyang was able to acquire digital assets worth nearly $400 million in 2021 alone. That made 2021 one of the most successful years for North Korean government-sponsored hackers, according to the report. To this one must add cyberattacks that do not target cryptocurrency, which also generate foreign cash supplies for the North Korean government. These generate several hundred million dollars each year, according to research.
► Author: Joseph Fitsanakis | Date: 07 February 2022 | Permalink
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Even Russian military commanders don’t know what Putin’s plans are on Ukraine
February 8, 2022 1 Comment
Citing “four people familiar with the intelligence” on the matter, the news network said United States spy agencies had intercepted communications between Russian military and intelligence officials on the ground near Ukraine. The intercepts suggest that at least some Russian government personnel are concerned that the Kremlin may have miscalculated the tactical, financial and logistical challenges of a possible full-scale invasion of Ukraine.
The CNN report noted that Russian military commanders on the ground are unlikely to oppose, or even hesitate to carry out, a direct order to invade Ukraine by the government in Moscow. However, there is reportedly concern among the Russian military and intelligence forces at the border that logistical support remains inadequate. It is currently believed that the size of the Russian military force along the Ukrainian border remains about 30 percent below what is needed to mount a full-scale military invasion of Ukraine.
Nevertheless, there are now indications that crucial supply lines needed to provide frontline Russian troops with war materiel, fuel, medicine, food, and other supplies, are being assembled. These supply lines could potentially allow the Kremlin’s forces to persist during a protracted conventional war through the upcoming spring and summer months. However, the intentions of Russian President Vladimir Putin remain a mystery, even to most Russian government officials. American intelligence agencies have “insights into the Russian military and foreign ministry”, according to CNN. However, they still lack adequate access to Putin’s inner circle, whose members remain firmly in control of plans for a possible invasion of Ukraine.
► Author: Joseph Fitsanakis | Date: 08 February 2022 | Permalink
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