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North Korean hackers stole nearly $400 million in crypto last year

Posted on January 15, 2022 by Dissent

Andy Greenberg reports:

The past year saw a breathtaking rise in the value of cryptocurrencies like Bitcoin and Ethereum, with Bitcoin gaining 60 percent in value in 2021 and Ethereum spiking 80 percent. So perhaps it’s no surprise that the relentless North Korean hackers who feed off that booming crypto economy had a very good year as well.

North Korean hackers stole a total of $395 million worth of crypto coins last year across seven intrusions into cryptocurrency exchanges and investment firms, according to blockchain analysis firm Chainalysis.

Read more from Wired at Ars Technica.

Related posts:

  • Three North Korean Military Hackers Involved in Sony Pictures Hack, Wanna Cry, and Numerous Other Attacks Indicted in Wide-Ranging Scheme to Commit Cyberattacks and Financial Crimes Across the Globe
  • Former Security Engineer For International Technology Company Arrested For Defrauding Decentralized Cryptocurrency Exchange
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