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North Korea-linked hackers stole nearly $430 million from decentralized finance and also targeted centralized services, exchanges, and wallet providers in 2023. 
<a href="https://crypto.news/tag/chainalysis/" target="_blank" rel="noreferrer noopener">Chainalysis</a>, a blockchain forensic firm, says <a href="https://crypto.news/tag/north-korea/" target="_blank" rel="noreferrer noopener">North Korea</a>-affiliated hacking groups hit record in terms of attempted attacks against decentralized finance (<a href="https://crypto.news/tag/defi/" target="_blank" rel="noreferrer noopener">defi</a>) as well as centralized platforms like exchanges in 2023. 
According to the firm’s latest <a href="https://www.chainalysis.com/blog/crypto-hacking-stolen-funds-2024/" target="_blank" rel="noopener">report</a>, hacking groups Kimsuky and <a href="https://crypto.news/tag/lazarus-group/" target="_blank" rel="noreferrer noopener">Lazarus Group</a> have deployed 20 successful attacks against various platforms, netting around $1 billion worth of crypto in 2023, a 41.7% decrease in terms of stolen money compared to 2022. 
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 <img loading="lazy" decoding="async" width="1024" height="698" src="https://crypto.news/app/uploads/2024/01/klmklmsad-1024x698.png" alt="North Korea set new record by number of crypto hacks in 2023, data shows - 29" class="wp-image-14242087">
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 Value stolen by DPRK-linked hacking groups | Source: Chainalysis
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 You might also like: <a href="https://crypto.news/us-south-korea-japan-north-korea-cyberattacks/"> US, South Korea and Japan collaborate to tackle North Korea cyberattacks </a> 
While the hacking groups made approximately $428.8 million by attacking defi protocols, centralized services also fell victim, resulting in a loss of $150 million. Exchanges were not spared either, with a staggering $330.9 million stolen, while wallet providers suffered losses totaling $127 million. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="703" src="https://crypto.news/app/uploads/2024/01/josdjfsd-1024x703.png" alt="North Korea set new record by number of crypto hacks in 2023, data shows - 30" class="wp-image-14242088">
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 Yearly total value stolen in crypto hacks | Source: Chainalysis
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In total, 2023 witnessed a substantial 54.3% decrease, with stolen funds amounting to $1.7 billion from $3.1 billion in 2022, Chainalysis says. 
Analysts attribute this decline mainly to a decrease in defi hacking, which served as the primary catalyst for the substantial increases in crypto theft observed in 2021 and 2022. In 2023, hackers managed to pilfer only $1.1 billion from smart contracts, indicating a noticeable 63.7% year-over-year decrease in the total value stolen from decentralized finance, as outlined by Chainalysis. 
Beyond just stolen funds, crypto.news previously <a href="https://crypto.news/illicit-crypto-addresses-received-over-24b-in-2023-chainalysis-says/" target="_blank" rel="noreferrer noopener">reported</a> that the decline extends to the overall value received through illicit crypto activities. In 2023, the sum received by illicit crypto operations amounted to $24.2 billion, reflecting a nearly 39% decrease compared to the 2022 losses, which totaled $39.6 billion. 
 Read more: <a href="https://crypto.news/north-korean-hackers-turn-to-russia-to-launder-crypto/"> North Korean hackers turn to Russia to launder crypto </a>

North Korea set new record by number of crypto hacks in 2023, data shows

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