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You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/north-korean-cybercriminals-the-rise-and-fall-of-crypto-heists" rel="noopener noreferrer nofollow">North Korean Cybercriminals: The Rise and Fall of Crypto Heists</a> 
North Korean hackers, notably the notorious Lazarus Group, have been a prominent threat in the cybercrime landscape, with their cryptocurrency attacks reaching a significant number in 2023 compared to 2022. Despite the increased number of attacks, blockchain analysis firm Chainalysis reported a drop of over 40% in the value of stolen cryptocurrencies for the year 2023.
Throughout 2023, North Korean cybercriminals conducted 20 attacks, accumulating a total value of approximately $1 billion. In contrast, fewer attempts in 2022 led to a higher theft of over $1.7 billion in cryptocurrencies, primarily by the Lazarus Group.
The Lazarus Group, known as one of the world’s most significant cryptocurrency criminals, is recognized for holding a substantial amount of TRON. A wallet with 137 million <a href="https://en.bitcoinhaber.net/discover-crypto-warns-investors-about-potential-similarities-between-trons-justin-sun-and-ftxs-sam-bankman-fried" rel="noopener noreferrer nofollow">TRX</a> attracted market attention as a TRON whale in September 2023. Additionally, the group has amassed over $40 million in Bitcoin alone.
The notable decrease in stolen funds in 2023 suggests an improvement in cryptocurrency security. Chainalysis highlighted a significant decline in attacks, especially on DeFi protocols, with a 64% reduction from $3.1 billion in 2022 to $1.1 billion in 2023.
Chainalysis also reported that North Korean hackers have been laundering their stolen cryptocurrencies through Russian exchanges since 2021, including $21 million from the Harmony Bridge incident.
<h5>The post first appeared on BH NEWS: <a href="https://en.bitcoinhaber.net/north-korean-cybercriminals-the-rise-and-fall-of-crypto-heists" rel="noopener noreferrer nofollow">North Korean Cybercriminals: The Rise and Fall of Crypto Heists</a></h5>

North Korean Cybercriminals: The Rise and Fall of Crypto Heists

BH NEWS

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