HomeUncategorizedNorth Korean crypto hacks down 80% but that could change overnight: Chainalysis By Cointelegraph

North Korean crypto hacks down 80% but that could change overnight: Chainalysis By Cointelegraph

September 15, 2023

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Cryptocurrency stolen by North Korea-linked hackers is down a whopping 80% from 2022 — but a blockchain forensics firm says it isn’t necessarily a sign of progress.

As of Sept. 14, 2023, North Korea-linked hackers have stolen a total of $340.4 million worth of cryptocurrency, down from a record $1.65 billion reported funds stolen in 2022.

Cryptocurrency funds stolen by North Korean-backed groups between 2016-2023. Source: Chainalysis
Funds stolen from North Korean hacking groups vs others between 2016 and 2023. Source: Chainalysis

North Korea turns to dubious exchanges, mixers