North Korea Was Responsible for Over $600M in Crypto Thefts Last Year: TRM Labs
Summary
North Korea-affiliated hackers were involved in a third of all crypto exploits and thefts last year, stealing around $600 million. This brings their total take from crypto projects to almost $3 billion over the past six years. The stolen funds are used for weapons proliferation and other destabilizing activities, raising national security concerns. The decrease in stolen funds in 2023 is attributed to fewer major hacks, law enforcement actions, better cybersecurity controls, and price volatility. National security officials in the U.S., Republic of Korea, and Japan have expressed concerns about North Korea's WMD efforts.
