- North Korea enjoyed another year of “prolific” hacks according to Chainalysis
- The blockchain analytics firm found that the regime hacked its was to some $400 million worth of crypto in 2021
- The state-backed Lazarus group is thought to still be behind the vast majority of hacks
North Korea enjoyed a “prolific” 2021 in terms of cryptocurrency hacks according to blockchain analysis firm Chainalysis, with the regime stealing nearly $400 million last year. The rogue state, which U.S. authorities say sanctions the Lazarus hacking group to carry out the hacks, is thought to still be putting the money towards its weapons programs. The latest data continues a pattern that dates back to the mid 2010s when North Korea began targeting the cryptocurrency sector.
North Korea Targeted Investment Firms and Exchanges
North Korea’s state-backed hacking groups, which the regime has consistently denied work on its orders, are known to have been one of the most prolific hackers of exchanges for many years, and Chainalysis found that their efforts did not taper in 2021.
Chainalysis reports that North Korean attacks primarily targeted investment firms and centralized exchanges in 2021, making use of “phishing lures, code exploits, malware, and advanced social engineering” to steal funds from hot wallets into addresses controlled by the government.
Chainalysis adds that a “careful laundering process” is usually entered into after the funds have been secured in order to cover up the source of the funds and cash them out.
Lazarus Still Leading the Charge
The primary group that carries out these attacks is, unsurprisingly, still the Lazarus group, which has been responsible for some of the biggest malware attacks and other hacks of all time, including the Wannacry and Sony Pictures hacks.
The news that North Korea is able to get its hands on hundreds of millions of dollars every year will concern countries that have placed sanctions on the regime, such as the U.S., especially as the UN security council has evidence that the revenue generated from these hacks goes to support North Korea’s WMD and ballistic missile programs.
The post North Korea Enjoyed “Prolific” Year of Crypto Hacks appeared first on FullyCrypto.
Check live crypto rates here
Start trading today – See our list of exchanges
you’re really a good webmaster. The site loading speed is amazing. It seems that you’re doing any unique trick. Also, The contents are masterpiece. you’ve done a wonderful job on this topic!
I genuinely enjoy reading on this site, it holds good posts. “Those who complain most are most to be complained of.” by Matthew Henry.
Hi, Neat post. There’s a problem with your website in internet explorer, would check this… IE still is the market leader and a large portion of people will miss your wonderful writing due to this problem.
isosorbide 40mg without prescription buy generic isosorbide 40mg micardis drug
buy bupropion 150 mg order generic cetirizine 5mg buy quetiapine for sale
Really fantastic information can be found on weblog. “Education is what most receive, many pass on, and few possess.” by Karl Kraus.
I’m often to blogging and i really recognize your content. The article has really peaks my interest. I’m going to bookmark your site and hold checking for brand spanking new information.
I not to mention my buddies happened to be checking out the great helpful tips from your website while all of a sudden got a terrible suspicion I never expressed respect to the web blog owner for those secrets. All of the people are actually so joyful to study them and have clearly been taking advantage of them. Appreciation for really being very thoughtful as well as for opting for this sort of important areas millions of individuals are really desperate to know about. My very own sincere apologies for not saying thanks to you sooner.
I saw a lot of website but I think this one holds something extra in it in it
F*ckin’ tremendous things here. I’m very glad to see your article. Thanks a lot and i’m looking forward to contact you. Will you please drop me a e-mail?
I loved as much as you’ll receive carried out right here. The sketch is tasteful, your authored subject matter stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this increase.
Thankyou for this post, I am a big big fan of this site would like to proceed updated.