North Korean Hackers Steal Over $200 Million in Crypto During 2023: An Ongoing Threat

In 2023, North Korean hackers have stolen about $200 million in cryptocurrency, marking a significant portion of the total crypto thefts this year. Over the past five years, these hackers have accumulated over $2 billion through more than 30 notable cyberattacks targeting crypto assets.

These attacks are distinct in their scale and sophistication, estimated to be 10 times larger than other cyber actors' efforts. A prominent incident occurred on June 3, 2023, when Atomic Wallet suffered a major breach that resulted in the loss of approximately $100 million from over 4,100 user addresses.

The tactics employed by North Korean groups include phishing attacks, supply chain compromises, and infrastructure breaches aimed at accessing private keys. Furthermore, in response to heightened law enforcement scrutiny and improved blockchain tracing techniques, they now implement complex, multi-stage money laundering processes to cover their tracks.

Historically, one of the largest cryptocurrency heists was also orchestrated by North Korea: the $625 million theft from Ronin Bridge in March 2022, highlighting their persistent threat to the crypto ecosystem.

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