“Since 2017, North Korea has significantly increased its focus on the cryptocurrency industry, stealing approximately $3 billion worth of digital assets,” analysts write.
According to them, the hackers are clearly repeating the actions of “advanced cybercriminals”, using government resources to expand their activities. Analysts say that about 44% of the cryptocurrency stolen in 2022 can be found in North Korea.
“The attack is not limited to cryptocurrency exchanges: individual users, venture capital firms, and alternative technologies and protocols are being targeted by North Korean attackers,” Recorded Future writes.
It is unclear exactly how much of the stolen cryptocurrency is ultimately used to finance ballistic missile launches. However, it is clear that the number of North Korean missile launches has increased sharply in recent years, experts said.
Recently, a Spanish citizen was arrested in his homeland for organizing a conference on blockchain and cryptocurrencies in the DPRK. According to the US FBI, the hacker group Lazarus, closely associated with the North Korean government, was also involved in the hacking of the Stake.com platform in September.
Source: Bits
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