North Korean Hackers steal 400 million worth of cryptocurrency in 2021

 North Korean hackers steal 400 400 million worth of cryptocurrency in 2021

North Korean hackers steal 400 400 million worth of cryptocurrency in 2021

A report claims that North Korean hackers stole about  400 million worth of digital assets last year. The theft was reportedly carried out in at least seven attacks on cryptocurrency platforms.

Blockchain analytics company China Analysys says this was one of the most successful years for cybercriminals in the heavily restricted East Asian state.

The attacks targeted hackers, mostly investment firms and centralized exchanges.

North Korea has expressed dissatisfaction with the hacking attacks.

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From 2020 to 2021, the number of hacking attacks linked to North Korea increased from four to seven, according to China Analysts, and in proportion to the amount, these attacks increased by 40%.

The company says the hackers used a variety of techniques, including phishing, misuse of code, and access to the organization's "hot" wallet through malware and then sent them to North Korean-controlled addresses. has been transferred.

Cryptocurrency hot wallets are actually connected to the Internet and cryptocurrency networks, so they are easy targets for hacking.

They are used to send cryptocurrencies and allow users to see how many tokens they have.

North Korea has expressed dissatisfaction with the hacking attacks.

Many experts say that large amounts of cryptocurrency that are not needed on a daily basis should be sent to a 'cold' wallet that is not connected to the Internet.

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China Analysts say most of the attacks were carried out by the so-called Lazarus group. This is the group that the United States has imposed sanctions on.

The group is thought to be controlled by the General Bureau of Reconnaissance, North Korea's main intelligence agency.

The Lazarus group has been accused of ransomware attacks on Wana Rent, hacking into international banks and customer accounts, and involvement in cyber attacks on Sony Pictures in 2014.

The report also cites last year's attacks, saying that when funds were seized by North Korea, it began a very careful money laundering process to cover up and cash out them.

A UN panel reviewing sanctions on North Korea has accused Pyongyang of using stolen funds to support its nuclear and ballistic missile programs to evade international sanctions. ۔

In another development, the United States accused three North Korean computer programmers of mass hacking in February last year. It is said that their purpose was to steal 1.3 billion dollars and corrupt currency.

According to the US Department of Justice, cyber attacks have affected everyone from banks to Hollywood movie studios.