[ad_1]
Last year, North Korean hackers stole $400 million in cryptocurrency prices in at least seven major attacks on crypto platforms. “Only 20% of the funds are in bitcoin…and for the first time ever, ether accounts for the majority of the funds at 58%,” said Chainalysis, the same blockchain knowledge analysis firm.
North Korean hackers mobbed $400 million in cryptocurrency last year
Blockchain correlation analysis platform Chainalysis on Thursday conducted an analysis of North Korean hackers and their unlaundered crypto assets. The company describes:
“2021 has been a bumper year for North Korean cybercriminals, with at least seven attacks on cryptocurrency platforms that extracted nearly $400 million worth of digital assets last year.”
“These attacks are mainly targeting investment firms and centralized exchanges,” the company explained.
Hackers “utilized phishing lures, code attacks, malware, and advanced social engineering” to move funds from the company’s hot wallet to addresses controlled by the Democratic People’s Republic of Korea (DPRK), Chainalysis added:
Once Asian countries gained custody of the funds, they began a careful washing method to hide and live.
Chainalysis noted that “2021 saw another increase in North Korean hacking. From 2020 to 2021, the number of North Korea-related hacks jumped from four to seven, so the value extracted from these hacks increased by 40%. “
The company is also careful to point out that Bitcoin currently represents a lower-than-usual percentage of cryptocurrencies adopted in North Korea, adding:
In 2021, only 20% of funds will be in Bitcoin, while 20% will be in ERC-20 tokens or altcoins. For the first time ever, Ethereum accounted for the majority of funds, at 58%.
“More than 65 percent of North Korea’s money was laundered through mixers this year, up from 42 percent in 2020 and 21 percent in 2019, suggesting a lot of caution each year by these threat actors,” the company said.
post Last year, North Korean hackers rounded up $400 million in cryptocurrencies – ether accounts for 58% of funds first appeared in bitcoin wire.
[ad_2]
Source link
