North Korean hackers stole $400 million in cryptocurrency in 2021
The Hindu
The attackers used phishing lures, code exploits, malware,and advanced social engineering to siphon funds out of theseorganizations’ internet-connected 'hot' wallets into NorthKorea-controlled addresses.
North Korea launched at least seven attacks on cryptocurrency platforms that extracted nearly $400 million worth of digital assets last year, one of its most successful years on record, blockchain analysis firm Chainalysis said in a new report.
"From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven, and the value extracted from these hacks grew by 40%," said the report, which was released on Thursday.
"Once North Korea gained custody of the funds, they began a careful laundering process to cover up and cash out," the report added.