North Korean crypto hacks down 80% but that could change overnight: Chainalysis

Related: FBI flags 6 Bitcoin wallets linked to North Korea, prompts watchfulness in crypto companies The United Nations is making an effort to curtail North Koreas cybercrime methods at the international level– as it is understood North Korea is using the taken funds to support its nuclear missile program.Meanwhile, the company hopes increased clever agreement audits will make life harder for these hackers.Magazine: Deposit danger: What do crypto exchanges really finish with your money?

Cryptocurrency taken by North Korea-linked hackers is down a tremendous 80% from 2022– however a blockchain forensics firm says it isnt always a sign of progress.As of Sept. 14, 2023, North Korea-linked hackers have stolen an overall of $340.4 million worth of cryptocurrency, down from a record $1.65 billion reported funds taken in 2022.”Over the previous 10 days, North Koreas Lazarus Group has been linked to 2 different hacks– Stake ($40 million) on Sept. 4 and CoinEx ($55 million) on Sept. 12, combining for a loss of over $95 million.With the newest 2 hacks, North Korea-linked attacks have made up for about 30% of all crypto funds taken in hacks this year, kept in mind Chainalysis. Funds taken from North Korean hacking groups vs others between 2016 and 2023.