{"id":27395,"date":"2024-01-26T13:40:53","date_gmt":"2024-01-26T18:40:53","guid":{"rendered":"https:\/\/usa.businessupturn.com\/?p=27395"},"modified":"2024-01-26T13:40:53","modified_gmt":"2024-01-26T18:40:53","slug":"north-korea-linked-crypto-hacking-hits-record-high-in-2023-stolen-funds-exceed-1-billion","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/north-korea-linked-crypto-hacking-hits-record-high-in-2023-stolen-funds-exceed-1-billion\/27395\/","title":{"rendered":"North Korea-Linked Crypto Hacking Hits Record High in 2023, Stolen Funds Exceed $1 Billion"},"content":{"rendered":"<ul>\n<li><strong>Record Crypto Platform Attacks:<\/strong>\n<ul>\n<li><strong>Chainalysis Report:<\/strong> North Korea-linked hackers targeted 20 crypto platforms in 2023, marking the highest number recorded between 2016 and 2023.<\/li>\n<li><strong>Increase in Hacking Incidents:<\/strong> The report highlights a surge in cyber-espionage activities by groups like Kimsuky and Lazarus Group, utilizing diverse malicious tactics to amass significant amounts of crypto assets.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Stolen Crypto Funds in 2023:<\/strong>\n<ul>\n<li><strong>Total Stolen Funds:<\/strong> North Korea-affiliated hackers stole slightly over $1 billion worth of crypto assets in 2023.<\/li>\n<li><strong>Comparison with 2022:<\/strong> While the 2023 figure was lower, the report notes that North Korea-affiliated hackers had set a record by stealing $1.7 billion in crypto assets in 2022.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Hacking Groups and Tactics:<\/strong>\n<ul>\n<li><strong>Kimsuky and Lazarus Group:<\/strong> These cyber-espionage groups, among others, have been associated with North Korea\u2019s hacking activities, employing various tactics for unauthorized access and theft.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Specific Incidents and Sanctions:<\/strong>\n<ul>\n<li><strong>Stake.com Hack:<\/strong> The FBI confirmed that North Korea\u2019s Lazarus Group was responsible for stealing about $41 million in crypto assets from Stake.com in September.<\/li>\n<li><strong>Sanctions on Sinbad.io:<\/strong> The U.S. Department of the Treasury\u2019s Office of Foreign Assets Control sanctioned Sinbad.io, a virtual currency mixer, for aiding Lazarus Group in laundering millions of dollars in crypto stolen from various hacks.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Motivation for Funding Programs:<\/strong>\n<ul>\n<li><strong>Regime\u2019s Financial Support:<\/strong> Previous research has indicated that North Korea-affiliated hackers stole hundreds of millions in crypto assets to fund the regime\u2019s nuclear weapons programs.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Global Response and Future Outlook:<\/strong>\n<ul>\n<li><strong>International Collaboration:<\/strong> Despite advancements in cybersecurity among exchanges and increased global collaboration, the report suggests that 2024 is likely to see continued disruption from North Korea\u2019s prolific cyber-thievery.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>North Korea\u2019s cyber activities, particularly in the realm of crypto hacking, have reached new heights, with a record number of platform attacks in 2023. The significant sums stolen underscore the challenges faced by the cryptocurrency industry in securing digital assets against sophisticated state-sponsored hacking groups. As international efforts continue to combat such activities, vigilance and innovation in cybersecurity remain critical to thwarting ongoing threats.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chainalysis reports a record number of crypto platform attacks by North Korea-linked hackers in 2023, stealing over $1 billion in crypto assets. The blockchain analytics firm notes a rise in hacking incidents in recent years, with groups like Kimsuky and Lazarus Group employing various tactics for large-scale asset acquisition.<\/p>\n","protected":false},"author":331,"featured_media":26569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[219,2770],"class_list":["post-27395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","tag-north-korea","tag-technology"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/27395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/331"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=27395"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/27395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/26569"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=27395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=27395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=27395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}