North Korea hackers stole the most crypto in 2022: Report

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North Korea hackers stole the most crypto in 2022: Report
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NorthKorea hackers stole the most crypto in 2022: Report

North Korea-linked hackers stole between $630 million and more than $1 billion in cryptocurrency assets last year.A confidential United Nations report,by Reuters on 6 February, was reportedly submitted to a 15-member North Korea sanctions committee last week.

According to the report, North Korea-linked hackers stole around $630 million – $1 billion in cryptocurrency assets in 2022. The hackers reportedly targeted foreign aerospace and defense companies. North Korean hackers have stolen more cryptocurrency assets in 2022 than in any previous year, mentioned the report.

The report mentioned that hacks of decentralized finance protocols amounted to at least $1.1 billion. This put North Korea at the forefront of the DeFi hacking trend, which could intensify in 2022.The company also discovered that North Korean-linked hackers frequently send colossal sums to mixers like Tornado Cash and Sinbad. These hackers transferred to mixers at a much higher rate than funds stolen by other individuals or groups.

Though North Korea has often denied being responsible for cyber-attacks, the new UN report claims North Korea’s primary intelligence bureau, the Reconnaissance General Bureau, employs several groups, including Kimsuky, Lazarus Group, and Andariel, specifically for cyber-attacks.Read the best crypto stories of the day in less than 5 minutes

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