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Japan Is Biggest Victim of North Korean Crypto Hacks
Blockchain analytics firm Elliptic has published a study report of crypto hacks linked to North Korea. According to the report, Asia may be the favorite target in the world for these hackers. The research found out that three out of four top victims of the so-called Hermit Kingdom’s hackers are from countries within the Asian region, and that Japan is the biggest victim of these hacks.
Japan Loses $721 Million to North Korean Crypto Hacks
Japanese financial publication Nikkei, which commissioned and reported on the Elliptic study, has also revealed some important findings. This is after taking into consideration all cyberattacks (hacks and ransomware attacks) that originated from North Korea between 2017 and 2022.
According to Nikkei, Japan alone lost at least $721 million to these attacks, representing over 30% of the world’s total crypto hack losses of over $2.3 billion. The publication even suggests that the crypto
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