North Korea made nearly $ 400M in digital currency last year - TechCrunch
North Korean hackers launched at least seven attacks on cryptocurrency platforms last year to steal nearly $ 400 million worth of digital assets, according to report by blockchain analysis firm Chainalysis.
"From 2022 to 2022, the number of hacks related to North Korea jumped from four to seven, and the value extracted from these hacks grew by 40%," the report said.
The attacks were aimed primarily at centralized investment firms and exchanges.
The report said that the hackers sent money from the "hot wallets" of Internet-connected organizations to DPRK-controlled addresses using complex tactics, including phishing scams, code exploits, malware. and advanced social engineering.
"As soon as North Korea seized the money, they began a careful washing process to cover and pay for money," the report said.
In 2022, Ethereum and Bitcoin accounted for 58% and 20% of the currency, respectively; 22% came from ERC-20 tokens or altcoins.
The report also said, citing United Nations Security Council, North Korea used the money with hacks to support the weapons of mass destruction (WMD) and missile-related ballistic missiles.
According to the analysis report, Lazarus Group - a hockey group that is part of North Korea's main intelligence agency, the General Bureau of the Show - is suspected of carrying out the attacks. The Lazarus Group has previously been charged in connection with a cyber attack Photos for Sony Recreation and WannaCry.
More than 65% of stolen money in North Korea was leaked through mixers - software tools that collect and scrape digital assets from thousands of addresses.
North Korea also owns undisclosed cryptocurrencies, believed to be worth $ 170 million, from 49 different hacks from 2022 to 2022.
"It is not clear why the hackers would still sit on these funds, but they may be hoping that law enforcement interest in the cases will die out, so that they can get money out without being hacked. see. Whatever the reason, the timing of the DPRK's willingness to stick to these funds is clear, as it is proposing a prudent plan, not an emergency plan, not an emergency plan, "the report said.