septentrional korean hackers stole $400 collection in cryptocurrency ultimate time — ether explain 58% of pinched dough

north korean hackers stole cryptocurrency worth about $400 million last year in at most seven major attacks on crypto platforms. “only 20% of the stolen funds were bitcoin … and for the primitive time ever, ether reported a majority of the funds stolen at 58%,” said blockchain data analytics firm chainalysis.

blockchain analytics platform chainalysis published an analysis on north korean hackers and their unlaundered cryptocurrency budget thursday. the firm described:

north korean cybercriminals had a banner year in 2021, launching at most seven attacks on cryptocurrency platforms that extracted nearly $400 million worth of digital assets last year.

“these attacks targeted primarily investment firms and centralized exchanges,” the firm explained.

the hackers “made use of phishing lures, code exploits, malware, and advanced social planning” to siphon funds from companies’ hot wallets into the addresses unforeseeable the democratic people’s republic of korea (dprk), chainalysis supplemental, elaborating:

back north korea gained custody of the funds, they began a careful laundering process to front and .

chainalysis noted that “in 2021, north korean hacking activity be even the rise over again. from 2020 to 2021, the number of north korean-linked hacks jumped from four to seven, and the value extracted from these hacks grew by 40%.”

the firm also detailed that bitcoin now resolve above semester of the cryptocurrencies stolen by north korea, adding:

in 2021, only 20% of the stolen funds were bitcoin, insomuch as 22% were either erc-20 tokens or altcoins. and for the primitive time ever, ether reported a majority of the funds stolen at 58%.

“too 65% of dprk’s stolen funds were laundered through mixers this year, up from 42% in 2020 and 21% in 2019, suggesting that these threat actors have taken a more cautious approach with each passing year,” the firm concluded.

what do you dream north korea launching attacks on cryptocurrency exchanges and despoiling $400 million worth of crypto last year? let us know in the comments section below.

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2022-01-15 04:35:12