Over the last five years, North Korean cybercriminals have reportedly stolen an impressive 1.5 trillion won (around $1.2 billion) worth of crypto, according to a report by the Associated Press.
This year alone, North Korean hackers managed to steal 800 billion won ($625 million), which is roughly half of the entire sum. It has been estimated that 100 billion ($78 million) had been stolen from South Korean entities over the aforementioned period of time.
Alex DovbnyaThe authoritarian state has suffered from a double whammy of harsh U.N. sanctions and pandemic-related difficulties.
In April, the U.S. government linked North Korean hackers to the theft of $620 million worth of cryptocurrency from the video game Axie Infinity, which is believed to be one of the largest crypto heists ever recorded.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dan Burgin
Vladislav Sopov