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 <p class="is-style-lead">North Korea-linked hackers stole nearly $430 million from decentralized finance and also targeted centralized services, exchanges, and wallet providers in 2023.</p>
 <p>Chainalysis, a blockchain forensic firm, says North Korea-affiliated hacking groups hit <a rel="noopener noreferrer nofollow" title="record" href="https://thebittimes.com/tag/record.html">record</a> in terms of attempted attacks against decentralized finance (defi) as well as centralized platforms like exchanges in 2023.</p>
 <p>According to the firm’s latest report, hacking groups Kimsuky and Lazarus Group 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.</p>
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   Value stolen by DPRK-linked hacking groups | Source: Chainalysis
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> US, South Korea and Japan collaborate to tackle North Korea cyberattacks
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 <p>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.</p>
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   Yearly total value stolen in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> <a rel="noopener noreferrer nofollow" title="hacks" href="https://thebittimes.com/tag/hacks.html">hacks</a> | Source: Chainalysis
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 <p>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.</p>
 <p>Analysts attribute this decline mainly to a decrease in defi hacking, which served as the primary catalyst for the substantial increases in <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> 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.</p>
 <p>Beyond just stolen funds, <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>.news previously reported that the decline extends to the overall value received through illicit <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> activities. In 2023, the sum received by illicit <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> operations amounted to $24.2 billion, reflecting a nearly 39% decrease compared to the 2022 losses, which totaled $39.6 billion.</p>
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> North Korean hackers turn to Russia to launder crypto
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/north-korea-set-new-record-by-number-of-crypto-hacks-in-2023-data-shows-tbt77675.html">https://thebittimes.com/north-korea-set-new-record-by-number-of-crypto-hacks-in-2023-data-shows-tbt77675.html</a></p>

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

TheBitTimes

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