Organizations in the cryptocurrency sector have lost over $3.4 billion from heists between January and December, with North Korean hackers pilfering at least $2.02 billion, which is a $681 million increase from last year, reports The Record, a news site by cybersecurity firm Recorded Future.
North Korean hackers' compromise of Dubai-based cryptocurrency exchange Bybit, which led to the theft of $1.5 billion, was the largest crypto heist this year, according to findings from Chainalysis.
Intrusions by North Korea this year have been aimed at a limited number of centralized crypto services, which enabled the exfiltration of private keys, said Chainalysis Head of National Security Intelligence Andrew Fierman, who noted the country's continued use of social engineering tactics and security vulnerabilities.
North Korea, which has amassed $6.75 billion in stolen crypto since 2022, has also tapped Huione and other Chinese-language platforms to facilitate money laundering activities, indicating "tight integration" with Asia-Pacific threat actors.
North Korean hackers' compromise of Dubai-based cryptocurrency exchange Bybit, which led to the theft of $1.5 billion, was the largest crypto heist this year, according to findings from Chainalysis.
Intrusions by North Korea this year have been aimed at a limited number of centralized crypto services, which enabled the exfiltration of private keys, said Chainalysis Head of National Security Intelligence Andrew Fierman, who noted the country's continued use of social engineering tactics and security vulnerabilities.
North Korea, which has amassed $6.75 billion in stolen crypto since 2022, has also tapped Huione and other Chinese-language platforms to facilitate money laundering activities, indicating "tight integration" with Asia-Pacific threat actors.
