N. Korean hackers stole US$400 million in cryptocurrency in 2021

Blockchain data platform Chainalysis in a report says North Korean hackers launched seven attacks on crypto platforms last year, extracting assets from “internet-connected ‘hot’ wallets” and moving them to North Korean-controlled accounts. – EPA pic, January 14, 2022.

NORTH Korean hackers stole around US$400 million (RM1.7 billion) worth of cryptocurrency through cyberattacks on digital currency outlets last year, blockchain data platform Chainalysis said yesterday. 

Pyongyang is under multiple international sanctions over its atomic bomb and ballistic missile developments but analysts say the North has also built up its cyber capabilities with an army of thousands of well-trained hackers who extract finances to fund the state’s weapons programmes. 

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