UN Addresses North Korea Crypto Hacks, Storage And Stablecoin Vulnerabilities Reported

According to a United Nations (UN) Security Council expert panel report, North Korea has been carrying out major cryptocurrency hacks in order to bypass economic sanctions imposed due to its nuclear program. The hacks, including at least five attacks on Asian cryptocurrency exchanges between January 2017 and September 2018, reportedly created losses totaling $571 million. A number of attacks on overseas financial institutions and exchanges were also reported. The UN report urged member states to be vigilant in sharing any information they have about North Korean cyberattacks on other governments and domestic financial institutions.

Early last week, Ledger, a manufacturer of offline, cold/hardware cryptocurrency wallets, issued a report identifying five security "vulnerabilities" in devices manufactured by its direct competitor, Trezor. Ledger claimed that it told Trezor of these purported weaknesses and only went public with them after Trezor failed to take