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North Korean Hackers Stole Over $600,000,000 Worth of Crypto in 2023, According to Blockchain Analytics Firm

North Korean Hackers Stole Over 0,000,000 Worth of Crypto in 2023, According to Blockchain Analytics Firm

New data from blockchain intelligence firm TRM Labs reveals that North Korean hackers stole over half a billion dollars worth of digital assets in 2023. According to a new study by the crypto analytics platform, hackers associated with the Democratic People’s Republic of North Korea (DPRK) looted $600 million worth of crypto assets last year. […]

The post North Korean Hackers Stole Over $600,000,000 Worth of Crypto in 2023, According to Blockchain Analytics Firm appeared first on The Daily Hodl.

Alleged Corrupt Los Angeles Police Officers Implicated in Crypto ‘Godfather’ Extortion Scheme

North Korean hackers have pilfered $3B of crypto over past six years: Report

In 2022, North Korean hackers swiped crypto worth ten times more than the country earned from exports in 2021, according to US cybersecurity firm Recorded Future.

According to United States cybersecurity firm Recorded Future, North Korean hackers have stolen around $3 billion in cryptocurrency since 2017, with more than half of that amount stolen in the past year alone.

Recorded Future indicated in a recent report that the amount of stolen crypto equates to approximately half of North Korea’s entire military expenses for the year:

"North Korean threat actors were accused of stealing an estimated $1.7 billion worth of cryptocurrency in 2022 alone, a sum equivalent to approximately 5% of North Korea’s economy or 45% of its military budget.”

Furthermore, the stolen amount surpasses the total annual income from exports for the nation by a considerable margin.

“This amount is also almost 10 times more than the value of North Korea's exports in 2021, which sat at $182 million,” the report stated.

Meanwhile, it explained that North Korean hackers initially targeted South Korea for its crypto, before expanding their focus to the rest of the world: 

“North Korean cyber operators shifted their targeting from traditional finance to this new digital financial technology by first targeting the South Korean cryptocurrency market before significantly expanding their reach globally.”

It was noted that support from the North Korean government has led to a significant expansion in the scale of the illicit operation. 

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Alleged Corrupt Los Angeles Police Officers Implicated in Crypto ‘Godfather’ Extortion Scheme

Bloomberg Analyst Says SEC Lining Up To Potentially Approve All Spot Bitcoin ETF Applications in January

Bloomberg Analyst Says SEC Lining Up To Potentially Approve All Spot Bitcoin ETF Applications in January

A Bloomberg analyst says that the U.S. Securities and Exchange Commission (SEC) is gearing up to approve all bids for a spot market Bitcoin (BTC) exchange-traded fund (ETF). In a lengthy thread on the social media platform X, James Seyffart says that the SEC making earlier-than-expected rulings on Franklin’s bids for a BTC ETF means […]

The post Bloomberg Analyst Says SEC Lining Up To Potentially Approve All Spot Bitcoin ETF Applications in January appeared first on The Daily Hodl.

Alleged Corrupt Los Angeles Police Officers Implicated in Crypto ‘Godfather’ Extortion Scheme

U.S. Government Enacts Sanctions on Crypto Mixer Sinbad Under Allegations of Aiding North Korean Money Laundering

U.S. Government Enacts Sanctions on Crypto Mixer Sinbad Under Allegations of Aiding North Korean Money Laundering

The U.S. government is sanctioning another crypto mixing protocol, accusing it of aiding North Korea in laundering hundreds of millions of dollars worth of stolen digital assets. In a new press release, the U.S. Department of the Treasury says that its Office of Foreign Assets Control (OFAC) is sanctioning the crypto tumbler Sinbad for allegedly […]

The post U.S. Government Enacts Sanctions on Crypto Mixer Sinbad Under Allegations of Aiding North Korean Money Laundering appeared first on The Daily Hodl.

Alleged Corrupt Los Angeles Police Officers Implicated in Crypto ‘Godfather’ Extortion Scheme