The UN Security Council just dropped a bombshell report: North Korea is allegedly using cyberattacks to fuel its weapons programs, with cryptocurrency firms as a prime target.

Crypto on the Front Lines: According to the UN, nearly half of North Korea's foreign income comes from cyberattacks, and a whopping $3 billion of that stolen loot came from cryptocurrency companies between 2017 and 2023.

Funding Destruction: This stolen crypto is reportedly being used to fund a staggering 40% of North Korea's weapons of mass destruction development.

Not the First Accusation: The UN's report aligns with previous US estimates, suggesting a global consensus on North Korea's cybercrime tactics.

Sanctions Incoming? While the UN report itself doesn't have legal clout, it could pave the way for stricter sanctions on North Korea.

Notorious Hackers: The report points to hacker groups like Lazarus and Kimsuky, linked to North Korea, as culprits behind major crypto hacks like Harmony, Stake.com, and Coincheck. These groups are known for using cryptocurrency mixers to hide their tracks.

The UN Sounds the Alarm: This report is a wake-up call for the cryptocurrency industry and a stark reminder of the national security risks posed by cybercrime.