South Korea's intelligence agency: North Korean hackers stole over $180 million in crypto assets in the first half of the year
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South Korea's intelligence agency: North Korean hackers stole over $180 million in crypto assets in the first half of the year
In the first half of this year, North Korean hacking groups illegally obtained over $180 million in cryptocurrency assets. The notorious North Korean hacker group Lazarus Group is considered the prime suspect. Lazarus Group is believed to be behind several high-profile cyberattacks on cryptocurrency exchanges and projects, such as the March attack on Alphapo that resulted in a loss of $37 million. Last year, the group was identified by the U.S. government as responsible for stealing $600 million in assets from the Ronin project. A January 2022 report by blockchain analytics firm Chainalysis indicated that Lazarus Group was also involved in the 2020 hack targeting Kucoin cryptocurrency exchange, as well as a 2018 attack on another unnamed exchange. These two exchange breaches alone caused losses exceeding $500 million.
Navigating Web3 tides with focused insightsTechFlow news: South Korea's National Intelligence Service recently stated that North Korean hacking groups illegally obtained more than $180 million in cryptocurrency assets during the first half of this year. The notorious North Korean hacker group Lazarus Group is considered the main suspect.
Lazarus Group is believed to be behind multiple high-profile breaches of cryptocurrency exchanges and projects, such as the attack on Alphapo earlier this year which resulted in a loss of $37 million. Last year, the group was also identified by the U.S. government as responsible for stealing $600 million worth of assets from the Ronin project.
Blockchain analytics firm Chainalysis noted in a January 2022 report that Lazarus Group was also involved in the 2020 hack targeting Kucoin cryptocurrency exchange and a 2018 attack on another unnamed exchange. These two exchange attacks alone caused losses exceeding $500 million.
