North Korean-linked hackers are targeting crypto platforms more but stealing less, report says

In a series of 20 hacks throughout 2023, cybercriminals linked to the Democratic People’s Republic of Korea siphoned slightly more than US$1bil (RM4.73bil) worth of cryptocurrency, compared to US$1.7bil (RM8.03bil) in 2022. — Reuters

The number of North Korean-linked hacks of cryptocurrency platforms rose to a record high in 2023, though the actual amount of funds stolen dropped around 40%, a report Jan 24 from blockchain analysis firm Chainalysis Inc showed.

In a series of 20 hacks throughout the year, cybercriminals linked to the Democratic People’s Republic of Korea siphoned slightly more than US$1bil (RM4.73bil) worth of cryptocurrency, compared to US$1.7bil (RM8.03bil) in 2022. North Korean hackers often target cryptocurrency to raise money as a way around international sanctions, according to US officials.