North Korean Hackers Stole Over $600 Million in Cryptocurrency
The Democratic People’s Republic of Korea (DPRK) has reportedly stolen nearly $600 million in cryptocurrency in 2023.
Additionally, there have also been reports stating that the last final days of the year also had evidence of cyberattacks, which, if confirmed, could increase the toll to $700 million.
The DPRK has stolen over $1.5 billion in cryptocurrency within two years. However, compared to 2022, there has been a 30% reduction in crypto stealing. Moreover, the DPRK has stolen a massive $3 billion in cryptocurrency since 2017. The attacks conducted by the DPRK are 10 times more impactful than a normal cyberattack. According to the reports shared with Cyber Security News, the DPRK has been attacking victims by compromising private keys and seed phrases, which are the key security elements for digital wallets.
