In a recent report by TRM Labs, it has been revealed that hackers linked to North Korea conducted significant crypto thefts in 2023, amassing at least $600 million. If additional hacks in the final days of the year are confirmed to be the work of North Korea, the total stolen amount could reach around $700 million.
Despite a 30% reduction in theft compared to the previous year, the Democratic People’s Republic of Korea (DPRK) was responsible for nearly one-third of all funds stolen in crypto attacks in 2023.
The report further uncovers the methods and impact of North Korean cyberattacks on the cryptocurrency ecosystem.
North Korea’s Crypto Hacks 10x More Damaging Than Others
According to the TRM Labs report, hacks attributed to the DPRK were found to be ten times as damaging as those not linked to North Korea. Over $3 billion worth of cryptocurrency has been lost to Pyongyang-linked threat actors since 2017.
Per the report, the hackers primarily exploit vulnerabilities in dig
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