North Korea Hackers Stole $400M Of Cryptocurrency In 2021, Report Says

Instead, he keeps setting aside the estimated value of his stolen cryptocurrency while holding about $ 170 million from old hacks, he said, using huge cryptocurrency profits like Bitcoin and Ethereum to increase value in recent years.

Chainalysis also reported that it had received $ 170 million in stolen East Asian cryptocurrency money that should not have been seized illegally. The Chainalysis study also found that the $ 170 million cryptocurrencies stolen in North Korea come from 49 different hacks from 2017 to 2021. The hackers working for the North Korean government allegedly stole about $ 400 million of crypto from seven existing companies. were abducted in 2021. $ 300 million was stolen from four companies last year.

North Korean hackers have launched attacks on at least seven cryptocurrency platforms last year, stealing digital assets worth $ 400 million, according to a report by analytical company Chainalysis. "These attacks are mainly targeted at the investment and intellectual property industry and are used to steal sensitive information, code risk, malware, and advanced civil engineering to steal these companies' money and transfer it to the hot online wallets of North Korea's regulated addresses." . The report states that the North Korean (DPRK) invasion of 2021 is aimed primarily at "medium-sized enterprises and investments and the use of sensitive data hacking, code exploitation, malware, and advanced civil engineering" to obtain malicious funding.

North Korean criminals are secretly stealing $ 400 million by 2021, according to a report released Thursday, making it one of the most cybercriminals in the world so far. Last year, North Korea launched at least seven attacks on cryptocurrency platforms to test nearly 400 million digital assets, one of the most successful in history, according to a new report by the company analytics Chainalysis. SEOUL content - North Korea has launched at least seven attacks on cryptocurrency platforms that led to the mining of about $ 400 million digital assets last year, one of the most successful in history, according to a new report by analyst company Chainalysis. From 2020 to 2021, the number of North Korean-related hijackers has increased from four to seven, and the number released from these hacks has increased by 40%.

The increase in stolen money also follows the level of theft last year; The seven hackers acquired by Chainalysis in 2021 are three times higher than in 2020, although less than 10 successful attacks by North Korean hackers in 2018, when they set a record $ 522 million. According to Chainalysis, bitcoin currently accounts for less than a quarter of North Korea’s stolen cryptocurrency, in fact, only 20% of these stolen funds now include bitcoin when measured in dollars.

By 2021, only 20% of the stolen money was bitcoins, and 22% were ERC-20 tokens or altcoins. Ethereum accounted for 58% of the tokens stolen, while Bitcoin accounted for 20%.

According to the report, last year the hackers launched seven transactions on cryptocurrency platforms, stole goods "hot bags connected to the internet" and transferred them to controlled accounts in North Korea. Many of the attacks in recent years may have been perpetrated by Lazarus' gang, a US-sanctioned criminal organization that claims to be under the auspices of the Main Intelligence Bureau, North Korea's largest intelligence agency.

The company also collaborated with law enforcement agencies to hunt down cybercrime suspects and today released a record report of cryptocurrency theft by a North Korean government-sponsored criminal named Lazarus. Lazarus Group first became notorious for cyberattacks on Sony Pictures and WannaCry, but has since focused on its cryptocurrencies efforts which have proved to be "very rich." But since 2018, the group has focused on stealing cryptocurrencies, typically stealing more than $ 200 million a year, according to Chainalysis.

Since then, the group has also been seen stealing hundreds of millions of cryptocurrencies, often from virtual exchanges and investment firms. North Korean hackers have successfully intercepted at least seven cryptocurrency traders and embezzled funds, the company said. According to a report released Thursday by a blockchain analytics company, the nature of the stolen cryptocurrency has also changed dramatically.

The report states that researchers have identified $ 170 million years old, hijacking of unused cryptocurrency from 49 different hacks between 2017 and 2021. The company's analysis found about $ 170 million in unconventional crypto assets, about $ 35 million since the attack. held in 2020 and 2021.

The nine-person figure represents an estimated $ 100 million more than the theft over the years by North Korean hackers and brings the total value of their mines over the past five years to $ 1.5 billion in crypto alone, except billions unknown to many. . countries. stolen from the traditional financial system. About $ 35 million of North Korea's total assets came from attacks in 2020 and 2021.

The most successful hacks, one in KuCoin and the other in unspecified cryptocurrency trading, each making more than $ 250 million alone. Criminals primarily target investment firms and medium-sized enterprises, using criminal scams to steal sensitive information, social engineering and security technologies to steal funds from hot purses or online wallets, says Chainalysis. According to the study, the attackers used a variety of methods to redirect funds from the victim's hot internet wallets to addresses controlled by the Democratic People's Republic of Korea (DPRK). The campaign aimed to steal more than $ 1.3 billion in cash and secrecy and to beat companies in banks to Hollywood movie theaters.