Hacker groups affiliated with North Korea have become highly active in the digital asset space, relentlessly pilfering funds. Despite a decrease from the record-breaking numbers of 2022, the “hermit kingdom” has continued to concentrate on the cryptocurrency landscape this year.
In fact, the stolen funds are being funneled in billions into the country’s nuclear program.
North Korea’s Crypto Heists
According to a report by local media outlet Asia Today, South Korea’s National Intelligence Service, in the first six months of the year alone, North Korea has illegally amassed nearly $180 million in the process.
The infamous hacking entity – the Lazarus group – has been under the radar of several global organizations. It was suspected as the culprit for last year’s $100 million Harmony Bridge hack.
Earlier this year, the United States Department of Treasury sanctioned three China-based OTC traders who helped the notorious group in facilitating the conversion of stolen crypto
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