North Korean Hackers Mastermind a Third of Global Crypto Hacks

A report from TRB Labs on January 5th stated that malicious actors from North Korea, specifically the Democratic People’s Republic of Korea (DPRK), were responsible for a third of all cryptocurrency hacks last year. Despite a decrease to $850 million in 2022, North Korean cybercriminals, likely under the direction of the notorious Lazarus Group, misappropriated $600 million in digital assets. This amount could rise by $100 million if late-stage hacks like the $80 million Orbit Bridge breach are linked to Lazarus and other North Korean cybercrime groups.



TRB Labs reports that in the past 24 months, DPRK-affiliated hackers have extracted about $1.5 billion from cryptocurrency ventures and have pilfered close to $3 billion since 2017. These attacks often involve social engineering targeting employees of crypto startups and d


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