{"id":4754,"date":"2024-03-21T12:27:11","date_gmt":"2024-03-21T12:27:11","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=4754"},"modified":"2024-03-21T12:27:14","modified_gmt":"2024-03-21T12:27:14","slug":"north-korean-crypto-hackers-steal-3b-over-six-years","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/north-korean-crypto-hackers-steal-3b-over-six-years\/","title":{"rendered":"North Korean Crypto Hackers Steal $3B Over Six Years"},"content":{"rendered":"\n<p>According to a report by the South Korean news agency Yonhap, citing a United Nations (UN) Security Council study, North Korean-linked cyber thieves have pilfered approximately $3 billion in cryptocurrency from 2017 to 2023. This revelation underscores the growing threat posed by state-sponsored cybercrime on the digital currency landscape.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-intensive-crypto-heists-in-2023\">Intensive Crypto Heists in 2023<\/h2>\n\n\n\n<p>In a focused effort to combat this rising menace, a UN Security Council panel is currently investigating 17 cryptocurrency heists that occurred in 2023 alone, potentially <a href=\"https:\/\/www.cryptometer.io\/news\/north-korean-hackers-allegedly-steal-billions-in-cryptocurrency\/\">linked to North Korea<\/a>, totaling over $750 million in stolen assets. These incidents contribute to the broader pattern of cyberattacks aimed at crypto-linked firms, with 58 suspected attacks identified between 2017 and 2023.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financing-weapons-programs-through-cybercrime\">Financing Weapons Programs Through Cybercrime<\/h2>\n\n\n\n<p>The report highlights the critical role these illicit activities play in North Korea&#8217;s economy, accounting for an estimated 50% of the country&#8217;s foreign currency income. It&#8217;s believed that the proceeds from these cyber heists are channeled into funding North Korea&#8217;s weapons programs, raising significant international security concerns.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-north-korea-a-cyber-theft-powerhouse\">North Korea: A Cyber Theft Powerhouse<\/h2>\n\n\n\n<p>North Korea has increasingly targeted the cryptocurrency industry as a strategic method to circumvent international sanctions, earning it the title of &#8220;the world&#8217;s most prolific cyber-thief.&#8221; This strategy not only showcases the regime&#8217;s reliance on cybercrime for economic sustenance but also highlights the sophisticated nature of its hacking operations.<\/p>\n\n\n\n<p>In December, cybersecurity firm Recorded Future corroborated the scale of these operations, estimating that the Lazarus Group, a hacking organization linked to North Korea, has stolen $3 billion in cryptocurrency over the past six years. This persistent threat underscores the need for heightened cybersecurity measures within the crypto industry to safeguard against state-sponsored cybercriminal activities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a report by the South Korean news agency Yonhap, citing a United Nations (UN) Security Council study, North Korean-linked cyber thieves have pilfered approximately $3 billion in cryptocurrency from 2017 to 2023. This revelation underscores the growing threat posed by state-sponsored cybercrime on the digital currency landscape. Intensive Crypto Heists in 2023 In [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":4756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[43],"tags":[],"class_list":{"0":"post-4754","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>North Korean Crypto Hackers Steal $3B Over Six Years<\/title>\n<meta name=\"description\" content=\"According to a report by the South Korean news agency Yonhap, citing a United Nations (UN) Security Council study, North Korean-linked cyber thieves have\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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