US, Japan, South Korea warn of rising North Korean crypto hacking threats
North Korea-affiliated hackers stole at least $1.34 billion worth of digital assets in 2024.
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North Korea-affiliated hackers stole at least $1.34 billion worth of digital assets in 2024.
The sanctioned agents were allegedly generating funds for North Korea’s nuclear weapon development program in Pyongyang.
The wallet service provider was subjected to a more than $100 million hack in 2023.
A North Korean threat actor was behind the $50 million attack on Radiant Capital in October and spoofed being an ex-contractor, the DeFi platform said.
The government of North Korea (DPRK) has reportedly employed various hacking groups, most notably the Lazarus Group, to seal crypto in recent years.
According to cybersecurity firm Recorded Future, North Korean hacker groups have stolen approximately $3 billion in funds since 2017.
The North Koreans invested great effort in creating and promoting the game that apparently drained users’ wallets.
The North Korean cybercrime group is credited with some of the biggest crypto hacks, including the $600 million Ronin bridge exploit.
Cosmos’ co-founder and core contributors were previously unaware of the North Korean link, which could lead to the removal of the Liquid Staking Module.
According to PeckShieldAlert, losses from crypto hacks and exploits accounted for over $120 million in losses during September 2024.
