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US charges North Korean hackers in $1.3 billion theft scheme

The US Justice Department recently accused the government of North Korean leader Kim Jong Un of a campaign of cyber theft in an attempt to raise lots of money for the country. This is because punishing UN sanctions have seriously cinched off its sources of income.

The US Justice Department has charged three North Korean military intelligence officials Jon Chang Hyok and Kim Il, and Park Jin Hyok in a campaign of cyberattacks to steal $1.3 billion in crypto and traditional currencies from banks and other financial institutions.

In the past, one of the fraudstars identified as Park Jin Hyok was charged with the 2014 Sony pictures hack, and the 2016 theft of $81 million from the central bank of Bangladesh.

This will be the first action against Pyongyang by President Joe Biden’s administration.

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