North Korean hackers stole nearly half of all crypto lost last year: Report



News North Korean hackers stole nearly half of all crypto lost last year: Report DPRK raked in $1.7 billion and switched to new mixer after US sanctioned Tornado Cash, Chainalysis finds Ethan Jewell February 2, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON A physical representation of bitcoin \| Image: Eivind Pedersen, edited by NK Pro North Korean hackers were responsible for nearly half of all cryptocurrency-related losses last year, a leading blockchain analytics firm has found, underlying the DPRK’s rapid expansion of its cyber activities to fund its weapons programs. The DPRK “shattered” its own records for theft on the way to stealing nearly $1.7 billion of the $3.8 billion worth of cryptocurrency in 2022, Chainalysis states in a new report published Wednesday summarizing damages from crypto-related crimes in 2022. The report found that global cryptocurrency losses last year totaled $3.8 billion. “Decentralized finance (DeFi) protocols as victims accounted for 82.1% of all Read More © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01How the DMZ blasts unfolded, from mine laying to North Korean denials 02North Korean TV airs outdated map laying claim to South Korean border islands 03How North Korea’s newest ‘hypersonic’ missile could foil adversary defenses 04Crossing the Yalu: Why China and North Korea want to open long-stalled bridge 05A decade apart, two DMZ mine blasts highlight a new inter-Korean reality 06Chinese authorities seize smuggled goods bound for North Korea: records 07Likely Russian ship docks in North Korea’s Rason port for first time since May 08Trump doesn’t need a grand deal with Kim, but rather small coordinated actions

News

North Korean hackers stole nearly half of all crypto lost last year: Report

DPRK raked in $1.7 billion and switched to new mixer after US sanctioned Tornado Cash, Chainalysis finds

Ethan Jewell February 2, 2023

North Korean hackers stole nearly half of all crypto lost last year: Report

A physical representation of bitcoin | Image: Eivind Pedersen, edited by NK Pro

North Korean hackers were responsible for nearly half of all cryptocurrency-related losses last year, a leading blockchain analytics firm has found, underlying the DPRK’s rapid expansion of its cyber activities to fund its weapons programs.

The DPRK “shattered” its own records for theft on the way to stealing nearly $1.7 billion of the $3.8 billion worth of cryptocurrency in 2022, Chainalysis states in a new report published Wednesday summarizing damages from crypto-related crimes in 2022.

The report found that global cryptocurrency losses last year totaled $3.8 billion.

“Decentralized finance (DeFi) protocols as victims accounted for 82.1% of all

01How the DMZ blasts unfolded, from mine laying to North Korean denials
02North Korean TV airs outdated map laying claim to South Korean border islands
03How North Korea’s newest ‘hypersonic’ missile could foil adversary defenses
04Crossing the Yalu: Why China and North Korea want to open long-stalled bridge
05A decade apart, two DMZ mine blasts highlight a new inter-Korean reality
06Chinese authorities seize smuggled goods bound for North Korea: records
07Likely Russian ship docks in North Korea’s Rason port for first time since May
08Trump doesn’t need a grand deal with Kim, but rather small coordinated actions

North Korean hackers stole nearly half of all crypto lost last year: Report

LATEST ANALYSIS

Similar Articles

About the Author

Ethan Jewell