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Will South Korea implement new security protocols for crypto exchanges by mid-2025?
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Resolution / Starting Odds
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Announcements from South Korean financial regulatory bodies
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North Korean Hackers Stole $1.34 Billion in Crypto in 2024, Prompting US-South Korea Defense Collaboration Through 2026
Dec 23, 2024, 09:03 AM
In 2024, North Korean hackers have been implicated in the theft of approximately $1.34 billion worth of cryptocurrency, accounting for 60% of all crypto stolen this year. According to South Korean police, these hackers, linked to North Korea's intelligence agency, were responsible for $41.5 million in specific cryptocurrency asset thefts. In response to these cyber threats, South Korea and the United States are collaborating on research and development initiatives aimed at combating these attacks. Their efforts focus on tracking stolen funds, securing cryptocurrency exchanges, and developing technologies to prevent future incidents. The partnership is expected to continue through 2026 as they bolster defenses against the 47 reported attacks attributed to North Korean hackers this year.
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