North Korea’s foreign affairs ministry wrote on its website Tuesday that the U.S. is behind the claim that the socialist state hacked millions of dollars worth of cryptocurrency.

Fast facts

  • It also alleged the U.S. has launched cyberattacks on its foes and even allies.
  • U.S.-based blockchain forensics company Chainalysis released a report earlier this year saying DPRK hackers stole cryptocurrencies worth about US$395 million.
  • Reuters also cited a confidential United Nations report stating North Korea has been using profits from cyberattacks on crypto exchanges to fund nuclear and ballistic missile programs.
  • North Korea is believed to have administered nine ballistic missile launches in January this year.