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North Korea funding programmes through crypto hacks

Published

4 years ago

February 7, 2022

North Korea has been coordinating large-scale crypto hacking operations in a bid to fund its missile programmes

Estimates suggest the nation has stolen more than $50 million of digital assets between 2020 and mid-2021, with the attacks serving as an important revenue source for the rogue nation.

The findings were provided to the United Nation’s sanctions committee, with reports the attackers targeted crypto platforms in North America, Europe and Asia.

These recent reports follow allegations the country also accumulated a wealth of over 2 billion dollars for its weapons programmes in 2019 by using similar tactics.

There has been a notable acceleration in the number of missile tests conducted by North Korea in recent months, despite such tests being banned by the UN’s Security Council.

The US say that North Korea – formally known as the Democratic People’s Republic of Korea (DPRK) conducted nine missile tests last month, even though the UN previously imposed strict and wide-ranging sanctions on the country in an attempt to deter such activities.

“DPRK demonstrated increased capabilities for rapid deployment, wide mobility (including at sea), and improved resilience of its missile forces,”
sanction monitors say.

These sanctions have so-far failed to prevent PYONG-YANG from developing its missile infrastructure.

Both China and Russia refused to sign a statement on Friday condemning the rapid increases of North Korea’s missile launches.

The US announced that later this week its special representative for North Korea would meet with Japanese and South Korean officials to discuss the situation.

Also written by Savannah Pocock

Related Topics:crypto North Korea trending world news

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Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

3 days ago

January 30, 2026

Harvey Vargas

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

Published

4 days ago

January 29, 2026

Harvey Vargas

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

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#FederalReserve #InterestRates #Economy

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Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

Published

4 days ago

January 29, 2026

Harvey Vargas

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy