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North Korean hackers account for 61% of all stolen cryptocurrencies in 2024
Along with the growing popularity and value of crypto assets, the number of thefts is also growing. This year, the total value of the stolen cryptocurrency has grown by 21%, reaching a significant amount of $2.2 billion. According to a report by Chainalysis published on Thursday, more than half of this amount was stolen by hacker groups linked to North Korea.
Earlier this year, the UN Security Council said that between 2017 and 2023, North Korean hackers stole $3 billion worth of cryptocurrency assets. In 2024, hackers associated with North Korea accounted for 61% of the total amount stolen - worth $1.34 billion in 47 cases, according to a report by Chainalysis.
Geopolitics in the
frame The report highlights that most cryptocurrency hacks occurred between January and July of this year, but the amount stolen has already exceeded $1.58 billion, which is about 84.4% more than in the same period in 2023.
However, after July, hacks have become much less frequent, which may be due to geopolitics. Chainalysis links this to North Korea's alliance with Russia, which emerged after a meeting between Vladimir Putin, the Russian president, and Kim Jong Un, the leader of North Korea, in June.
According to Chainalysis, after the June summit, the number of crypto assets stolen by hackers linked to North Korea decreased by 53.73%. North Korea, which has increased cooperation with Russia, may have changed the tactics of cybercrime, the report said.
Crypto
hacks continue to pose a constant threat, with more than a billion dollars worth of cryptocurrencies being hacked in four years over the past decade – 2018 ($1.5 billion), 2021 ($3.3 billion), 2022 ($3.7 billion), and 2023 ($1.8 billion).
Decentralized finance (DeFi) platforms that do not implement proper security practices have been the main targets of cryptocurrency hacks over the past three years, with the largest number of stolen assets occurring in the first quarter of 2024. However, in the period from the second to the third quarter of 2024, centralized services became the main target of attacks.
Some of the most notable cases of attacks on centralized services in 2024 include Japanese crypto exchange DMM Bitcoin, which lost $305 million (48 billion yen) in bitcoin, and Indian crypto exchange WazirX, which suspended withdrawals in July after a security breach by hackers linked to North Korea.
source: https://techcrunch.com/2024/12/19/n...ccounting-for-61of-all-crypto-stolen-in-2024/
Along with the growing popularity and value of crypto assets, the number of thefts is also growing. This year, the total value of the stolen cryptocurrency has grown by 21%, reaching a significant amount of $2.2 billion. According to a report by Chainalysis published on Thursday, more than half of this amount was stolen by hacker groups linked to North Korea.
Earlier this year, the UN Security Council said that between 2017 and 2023, North Korean hackers stole $3 billion worth of cryptocurrency assets. In 2024, hackers associated with North Korea accounted for 61% of the total amount stolen - worth $1.34 billion in 47 cases, according to a report by Chainalysis.
Geopolitics in the
frame The report highlights that most cryptocurrency hacks occurred between January and July of this year, but the amount stolen has already exceeded $1.58 billion, which is about 84.4% more than in the same period in 2023.
However, after July, hacks have become much less frequent, which may be due to geopolitics. Chainalysis links this to North Korea's alliance with Russia, which emerged after a meeting between Vladimir Putin, the Russian president, and Kim Jong Un, the leader of North Korea, in June.
According to Chainalysis, after the June summit, the number of crypto assets stolen by hackers linked to North Korea decreased by 53.73%. North Korea, which has increased cooperation with Russia, may have changed the tactics of cybercrime, the report said.
Crypto
hacks continue to pose a constant threat, with more than a billion dollars worth of cryptocurrencies being hacked in four years over the past decade – 2018 ($1.5 billion), 2021 ($3.3 billion), 2022 ($3.7 billion), and 2023 ($1.8 billion).
Decentralized finance (DeFi) platforms that do not implement proper security practices have been the main targets of cryptocurrency hacks over the past three years, with the largest number of stolen assets occurring in the first quarter of 2024. However, in the period from the second to the third quarter of 2024, centralized services became the main target of attacks.
Some of the most notable cases of attacks on centralized services in 2024 include Japanese crypto exchange DMM Bitcoin, which lost $305 million (48 billion yen) in bitcoin, and Indian crypto exchange WazirX, which suspended withdrawals in July after a security breach by hackers linked to North Korea.
source: https://techcrunch.com/2024/12/19/n...ccounting-for-61of-all-crypto-stolen-in-2024/