North Korean Hackers Steal 200 Billion Yen ($1.34 Billion) in Cryptocurrency, Contributing to $2.2 Billion in 2024 Theft

Dec 22, 2024, 10:30 PM

In 2024, North Korean hackers are reported to have stolen approximately 200 billion yen (around $1.34 billion) in cryptocurrency, marking the highest amount ever recorded for the country. This surge in thefts is part of a broader trend where total cryptocurrency thefts have risen by 21% to $2.2 billion, according to a report by Chainalysis. The report highlights that North Korean-affiliated hackers are responsible for a substantial portion of these incidents, which are believed to be funding the regime's missile and nuclear weapons programs. The United States and South Korea are reportedly collaborating to develop technologies aimed at preventing such cyberattacks and tracking stolen assets, as they respond to the increased threat from North Korean cyber operations.