North Korea skirted UN sanctions and earned $2 billion using cyber attacks, new UN report says

And there you have it. The reason that N. Korea attacks cryptocurrency exchanges is because it’s the most effective way of getting foreign currency…:

[…] The expert panel that drafted the report said it investigated North Korea’s “widespread and increasingly sophisticated use of cyber means to illegally force the transfer of funds from financial institutions and cryptocurrency exchanges, launder stolen proceeds and generate income in evasion of financial sanctions.”

The reason for the attacks, the experts explain, is because “large-scale attacks against cryptocurrency exchanges allow the DPRK [the formal name for North Korea] to generate income in ways that are harder to trace and subject to less government oversight and regulation than the traditional banking sector.” […]

Original article here