The obvious outcome is that North Korea will be slapped with several new sanctions to discourage it from using hackers to fund its military programs, but if history is any indication, the country will find new ways to stay ahead of investigators.
In the course of the six-month interval between February and August, the panel stated, North Korea continued to improve its nuclear and ballistic missile packages.
The North Koreans are also believed to have used cyberspace to launder the stolen money.
The financial impact of North Korea's hacking and cryptocurrency exploits could be much larger than first thought.
Meanwhile, the U.N. Security Council held a closed-door meeting last week at the request of Britain, France and Germany, in order to discuss Pyongyang's recent missile launches, and the three renewed the need to enforce U.N. sanctions.
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A report on Reuters says that controversial North Korea has gathered roughly $2 billion.
North Korea has additionally continued to violate sanctions utilizing illicit ship-to-ship transfers of coal and refined petroleum merchandise, the panel stated. Moreover, the agency was at the time investigating whether North Korea was responsible for a massive hack of Japan's Coincheck exchange, which suffered a loss of more than $500 million in crypto assets. The attacks occurred over a four-year span, involving 17 different countries, with the goal of exchanging the stolen funds into foreign currencies.
The allegations were made in a draft of a twice-yearly report to a United Nations committee charged with enforcing sanctions on North Korea. The report traced the route of two Mercedes-Maybach S600 Pullman Guard limousines from their point of origin in Rotterdam, The Netherlands, to the streets of the North Korean capital of Pyongyang.
Another source of hard currency for North Korea may be an army of tech workers, according to the United Nations panel's report.
As the report pointed out, tracing the route of the automobiles to Kim's possession may show how other, more unsafe goods like WMD components get to North Korea.