The Lazarus Group, a hacker organization linked to North Korea, has been responsible for crypto hacking incidents resulting in over $300 million in losses in 2023. This accounts for approximately 17.6% of the total losses incurred throughout the year.
According to a Fortune Magazine report, despite a decline in major crypto hacking incidents globally, North Korea has maintained its position as a significant actor in cybercrime.
Crypto Heists By Lazarus Group Exceed $1.9 Billion
For further context, the Lazarus Group has gained notoriety for its involvement in some of the largest cyberattacks, particularly in the cryptocurrency industry. Their activities date back to 2014, when they launched a cyberattack against Sony Pictures.
Since then, they have shifted their focus to targeting crypto protocols, successfully stealing billions of dollars. One prominent attack occurred in March 2022 when they stole $600 million from the Ronin Network, a bridge used by the popular Web3 game Axie Infini
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