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Key Insights North Korea-tied hackers attacked record 20 crypto platforms in 2023, stealing over $1 billion. Figure is down from 2022's haul of $1.7 billion but hacks are up 40% showing Pyongyang's growing cyber prowess. Analysts tie hacking to sanctions evasion that funds nuclear weapons, calling for vigilance against prolific threat actors. SEOUL - North Korea-affiliated hackers attacked a record 20 cryptocurrency platforms in 2023, blockchain analytics firm Chainalysis said in a report, part of a dramatic rise in cyberattacks that netted Pyongyang over $1 billion last year. The number of hacks was up 40% from 2021, though the value of crypto stolen by North Korean hackers dropped from the record $1.7 billion in 2022 amid last year's digital asset market plunge. North Korea-linked hacks have been on the rise over the past few years, with cyber-espionage groups such as Kimsuky and Lazarus Group utilizing various malicious tactics to acquire large amounts of crypto assets, Chainalysis said. Another report by TRM Labs said North Korean-tied hackers stole at least $600 million worth of virtual coins last year. Source: Chainalysis The United States sanctioned cryptocurrency mixer Sinbad.io in November, identifying it as a tool for Lazarus Group to launder proceeds from major platform breaches. Analysts say North Korea's hacking programs are part of a sanctions evasion effort that helps fund nuclear weapons development made illegal by U.N. Security Council resolutions. With nearly $1.5 billion stolen over two years, TRM Labs warned business and governments they face serious threats from Pyongyang's seasoned cyber thieves and called for increased collaboration to recover stolen funds.

North Korea Hackers Stole Over $1 Billion in Crypto in Record Heists

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