{"id":198871,"date":"2024-12-20T04:46:17","date_gmt":"2024-12-20T04:46:17","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/20\/north-korean-hackers-stole-1-3bn-in-crypto-this-year-report-says\/"},"modified":"2024-12-20T04:46:17","modified_gmt":"2024-12-20T04:46:17","slug":"north-korean-hackers-stole-1-3bn-in-crypto-this-year-report-says","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/20\/north-korean-hackers-stole-1-3bn-in-crypto-this-year-report-says\/","title":{"rendered":"North Korean hackers stole $1.3bn in crypto this year, report says"},"content":{"rendered":"
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A total of $2.2bn (\u00a31.76bn) in cryptocurrencies has been stolen this year, with North Korean hackers accounting for more than half that figure, according to a new study.<\/p>\n

Research firm Chainalysis says hackers affiliated with the reclusive state stole $1.3bn of digital currencies – more than double last year’s haul.<\/p>\n

Some of the thefts appear to be linked to North Korean hackers posing as remote IT workers to infiltrate crypto and other technology firms, the report says.<\/p>\n

It comes as the price of bitcoin has more than doubled this year as incoming US president Donald Trump is expected to be more crypto-friendly than his predecessor, Joe Biden.<\/p>\n<\/div>\n

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Overall, the amount of cryptocurrency stolen by hackers in 2024 increased by 21% from last year but it was still below the levels recorded in 2021 and 2022, the report said.<\/p>\n

“The rise in stolen crypto in 2024 underscores the need for the industry to address an increasingly complex and evolving threat landscape.” <\/p>\n

It said the majority of crypto stolen this year was due to compromised private keys – which are used to control access to users’ assets on crypto platforms.<\/p>\n

“Given that centralised exchanges manage substantial amounts of user funds, the impact of a private key compromise can be devastating”, the study added.<\/p>\n

Some of the most significant incidents this year included the theft of the equivalent of $300m in bitcoin from Japanese cryptocurrency exchange, DMM Bitcoin, and the loss of nearly $235m from WazirX, an India-based crypto exchange.<\/p>\n

The US government has said the North Korean regime resorts to cryptocurrency theft and other forms of cybercrime to circumvent international sanctions and raise money.<\/p>\n

Last week, a federal court in St Louis indicted 14 North Koreans for allegedly being part of a long-running conspiracy<\/a> aimed at extorting funds from US companies and funnelling money to Pyongyang’s weapons programmes.<\/p>\n

The US State Department also announced that it would offer a reward of up to $5m for anyone who could provide more information about the alleged scheme.<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A total of $2.2bn (\u00a31.76bn) in cryptocurrencies has been stolen this year, with North Korean hackers accounting for more than half that figure, according to a new study. Research firm Chainalysis says hackers affiliated with the reclusive state stole $1.3bn of digital currencies – more than double last year’s haul. Some of the thefts appear […]<\/p>\n","protected":false},"author":2,"featured_media":198872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/ichef.bbci.co.uk\/news\/1024\/branded_news\/d7d0\/live\/83e4c660-be89-11ef-b21a-b9164144efa7.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[26294,4251,9447,1517,1358,61,26921,568],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/198871"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=198871"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/198871\/revisions"}],"predecessor-version":[{"id":198873,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/198871\/revisions\/198873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/198872"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=198871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=198871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=198871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}