North Korean hackers stole over $1,200,000,000 worth of crypto assets: report

North Korean hackers reportedly stole over $1.2 billion worth of cryptocurrencies over the past five years.

According to the Associated Press, South Korea’s main spy agency, the National Intelligence Service (NIS), said hackers got away with more than half of their total illicit crypto gains this year alone.

According to the report, the NIS says that since 2017, state-sponsored North Korean hackers have stolen $1.2 billion worth of digital assets from unspecified locations around the world. Of the total stolen crypto, $626 million was recovered in 2022. Over $78 million of the total stolen crypto came from South Korea.

The NIS says North Korean hackers are among the best in the world, as the country has relied more on cybercrime to bolster its struggling economy and fund its nuclear weapons program after the UN beefed up security measures. economic sanctions against them in 2017. The additional sanctions came in response. to its nuclear and missile tests, according to the report.

According to the report, the 2017 UN sections banned several North Korean exports, including coal, textiles and seafood. strictest restrictions in response to the COVID pandemic.

Following the lucrative cryptocurrency thefts, senior officials from the United States, South Korea and Japan recently agreed to do more to prevent North Korean cybercrime, according to the report.

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Featured image: Shutterstock/Yurchanka Siarhei/Sensvector

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