Hacking

In 2019, North Korean military intelligence hackers stole $42 million worth of Ethereum from a cryptocurrency exchange, as confirmed by South Korean police. This incident highlights the ongoing threats faced by the crypto industry.

Recent events have highlighted significant security vulnerabilities in the cryptocurrency industry, notably involving the Lazarus Group. Their operations raise pressing questions about the safety of digital assets.

In a significant security breach, hackers have stolen approximately $1.5 billion in Ethereum from Bybit, highlighting grave vulnerabilities in cryptocurrency exchanges. Bybit's CEO assures affected users of compensation efforts, raising alarms about industry security standards.

In 2024, cryptocurrency thefts reached alarming new heights, totaling $2.2 billion according to Chainalysis. This year's hacking incidents surged to 303, continuing the trend of over a billion dollars lost for the fourth year in a row, indicating a growing challenge for the crypto industry.

In 2024, cryptocurrency thefts surged to $2.2 billion, marking a 21% increase and raising concerns about security in the crypto space as incidents hit 303. This uptick aligns with Bitcoin's 140% price rise, drawing more institutional interest.

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.