Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»North Korean actors stole $3 billion worth of digital assets in six years.
BITCOIN NEWS

North Korean actors stole $3 billion worth of digital assets in six years.

By Crypto FlexsDecember 3, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
North Korean actors stole  billion worth of digital assets in six years.
Share
Facebook Twitter LinkedIn Pinterest Email

hacking and theft Due to the anonymity of cryptocurrency transactions, there are some disadvantages that come with the broader advantages of the cryptocurrency industry. State-sponsored North Korean hackers have stolen nearly $3 billion worth of digital currency since 2017, and about 44% of stolen cryptocurrencies in 2022 will be traced to these hackers, according to a new report.

Intelligence report reveals amount of cryptocurrency stolen by North Korean hackers.

The cryptocurrency industry has begun Getting mainstream attention In 2017, investors flocked to the nascent industry. But the influx of money and adoption also seems to attract a lot of bad actors. all recent reports Information company Recorded Future reiterated common beliefs about cryptocurrencies. North Korean hackers The industry has been targeted in recent years.

Over the years, many illegal activities have been attributed to North Korea. estimate In 2016, illicit economic activities were estimated to generate between $550 million and $1 billion in annual revenue for the country. According to a report by Recorded Future, North Korean hackers, backed by the North Korean government, turned their attention from traditional finance to cryptocurrencies around the 2017 bubble when money began flowing into the industry.

with the same syndicate Lazarus Group These hackers, who led many hacking attacks, were able to steal more than $3 billion in cryptocurrency assets. These attacks initially targeted cryptocurrency exchanges primarily in South Korea, stealing approximately $82.7 million worth of cryptocurrency at the time.

As of today, the market cap of cryptocurrencies stood at $1.45 trillion. Chart:  TradingView.com

Cryptocurrency Security and Hacker Innovation

Hackers have expanded their activities over the years. The majority of revenue generated from these attacks occurred in 2022, representing approximately $1.7 billion worth of cryptocurrency. Recorded Future estimates that this amount, which is 10 times the value of the country’s exports of $182 million in 2021, or 5% of the economy and 45% of the defense budget, is likely to have been used to finance part of the country’s national defense budget. I mentioned it was high. project.

Security measures and regulations to combat cryptocurrency hacking and theft have been developed over the years. Sanctions have been imposed in the same mixer sinbad and tornado cache They are regularly hired by hackers to clean up stolen funds. At the same time, hackers have developed new ways to carry out their activities by improving gaming performance. According to blockchain Security company SlowMistMore than $30 billion has been lost to cryptocurrency hacks since 2012.

Although security measures have led to a sharp decline in cryptocurrency crime over the past few months, another intelligence report shows that North Korean hackers stole at least $180 million in the first half of 2023. Blockchain auditing firm Certik recently noted a loss of approximately $363. By November 2023, exploits, hacks, and fraud had resulted in losses of $1 million.

#CertiKStatsAlert🚨

Combining all incidents in November, approximately $363 million was lost due to exploits, hacks, and fraud.

This makes November the costliest month of the year

Exit fraud was ~$1.1 million.

The flash loan was approximately $45.5 million.

The value of the exploit is ~$316.4 million.

Check below for more details👇 pic.twitter.com/QoDy6d8IJH

— CertiK Alert (@CertiKAlert) November 30, 2023

Featured image from Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025
Most Popular

Analyst Raises AIOZ Price Target to $4 After Alibaba Deal

March 29, 2024

Tencent PhotoMaker: AI advancements in personalized photo creation

January 16, 2024

Fidelity creates major encryption play -joining Solana ETF race

March 26, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.