“Relies on cybercrime to evade sanctions and fund WMD programs”
The U.S. State Department pushed back against claims by Kim Yo Jong, director of the General Affairs Department of North Korea’s Workers’ Party, who denied allegations that North Korea was involved in the hacking of Binance, the world’s largest cryptocurrency exchange. The department said North Korea relies on cybercrime, including cryptocurrency theft, to evade international sanctions and secure funds for its nuclear and missile development.
A U.S. State Department official said on Tuesday (local time), in response to a question about Kim’s statement, “North Korea’s cybercrime is a global issue that affects companies around the world, including in the United States, as well as multiple countries and jurisdictions.”The official added, “In recent years, North Korea has increasingly relied on cybercrime to evade international sanctions and fund its illicit weapons of mass destruction (WMD) and ballistic missile programs,” explaining that “cryptocurrency theft and money laundering are an important part of this strategy.”The official stressed, “The United States is working closely with like-minded countries to deter and condemn disruptive and destabilizing behavior in cyberspace.”The official also said that governments, network security professionals and the general public in each country should remain vigilant and work together to counter North Korea’s cyber threats.
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Earlier, the U.S. Federal Bureau of Investigation (FBI) pointed to North Korea as the force behind the theft of cryptocurrency worth $6.3 billion (about KRW 8.4 trillion) from Binance on October 31. In response, Kim denied the U.S. claims in a statement on November 2.
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