CyberTheft

North Korea's Cryptocurrency Heists: A Record $1.34 Billion in 2024

In 2024, North Korean groups have reportedly stolen a staggering $1.34 billion through crypto hacks, marking an unprecedented peak in their operations. This amount is more than double the previous year’s figures and constitutes two-thirds of global hacks, according to Chainalysis. Notably, the heist of 4,500 bitcoins from DMM Bitcoin stands out, valued at $305 million. However, their activities showed a decline in the latter half of the year, attributed to increased cooperation with Russia.