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posted by janrinok on Saturday January 15 2022, @08:45PM   Printer-friendly [Skip to comment(s)]
from the that-should-feed-a-lot-of-people dept.

North Korea hackers stole $400m of cryptocurrency in 2021, report says:

North Korean hackers stole almost $400m (£291m) worth of digital assets in at least seven attacks on cryptocurrency platforms last year, a report claims.

Blockchain analysis company Chainalysis said it was one of most successful years on record for cyber-criminals in the closed east Asian state. The attacks mainly targeted investment firms and centralised exchanges. North Korea has routinely denied being involved in hack attacks attributed to them.

"From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven, and the value extracted from these hacks grew by 40%," Chainalysis said in a report.

The hackers used a number of techniques, including phishing lures, code exploits and malware to siphon funds from the organisations' "hot" wallets and then moved them into North Korea-controlled addresses, the company said.

Cryptocurrency hot wallets are connected to the internet and cryptocurrency network and so are vulnerable to hacking. They are used to send and receive cryptocurrency, and allow users to view how many tokens they have. Many experts recommend moving large amounts of cryptocurrency not needed day-to-day to "cold" wallets, which are disconnected from the wider internet.


Original Submission

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North Korea: Missile Programme Funded Through Stolen Crypto, UN Report Says 37 comments

North Korea: Missile programme funded through stolen crypto, UN report says:

Between 2020 and mid-2021 cyber-attackers stole more than $50m (£37m) of digital assets, investigators found.

Such attacks are an "important revenue source" for Pyongyang's nuclear and ballistic missile programme, they said.

The findings were reportedly handed to the UN's sanctions committee on Friday.

The cyber-attacks targeted at least three cryptocurrency exchanges in North America, Europe and Asia.

The report also referenced a study published last month by the security firm Chainalysis that suggested North Korean cyberattacks could have netted as much as $400m worth of digital assets last year.

And in 2019, the UN reported that North Korea had accumulated an estimated $2bn for its weapons of mass destruction programmes by using sophisticated cyber-attacks.

Previously:
North Korea Hackers Stole $400m of Cryptocurrency in 2021, Report Says


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  • (Score: 1, Touché) by Anonymous Coward on Saturday January 15 2022, @08:50PM

    by Anonymous Coward on Saturday January 15 2022, @08:50PM (#1213001)

    Pretty soon they'll be in Tesla range for the amount of money stolen via market manipulations. They'd make better progress if they got themselves a Twitter account.

  • (Score: -1, Troll) by Anonymous Coward on Saturday January 15 2022, @10:43PM (4 children)

    by Anonymous Coward on Saturday January 15 2022, @10:43PM (#1213020)

    Dear Respected Leader single-handedly steals $400 million of crypto, while Sleepy Joe has trouble remembering where he left his wallet five minutes ago.

    • (Score: 0, Troll) by Snotnose on Saturday January 15 2022, @11:55PM (3 children)

      by Snotnose (1623) on Saturday January 15 2022, @11:55PM (#1213040)

      Sleepy Joe isn't responsible for where he left his keys, wallet, house, whatever. He has people for that. All he has to do is let the injected drugs keep him alert for his 10 minute scripted press interactions. 10 minutes because that's the max time the handlers let him off leash before the drugs either wear off or he goes sleepy time.

      What's scary is the next election is looking for a Hillary/Trump rematch. Last time I did not think either was suitable for office, this time I think same. Only difference is last time I thought HRC should be in prison, now I think both should be in prison.

      --
      I fondly remember the day I made sandcastles with my grandmother. Just wish I hadn't done it in the crematorium.
      • (Score: -1, Troll) by Anonymous Coward on Sunday January 16 2022, @01:24AM

        by Anonymous Coward on Sunday January 16 2022, @01:24AM (#1213045)

        If the democrats run Hillary again you know it is a deliberate loss, She'd lose to the re-animated corpse of Charles Manson.

      • (Score: -1, Troll) by Anonymous Coward on Sunday January 16 2022, @03:23AM (1 child)

        by Anonymous Coward on Sunday January 16 2022, @03:23AM (#1213065)

        Fear not, Snotty. The Democrats have a charismatic new leader to run in 2024: Top Cop Kamala.

        • (Score: -1, Troll) by Anonymous Coward on Sunday January 16 2022, @07:44PM

          by Anonymous Coward on Sunday January 16 2022, @07:44PM (#1213219)

          After whinging so much about Trump Derangement Syndrome you sure do make everything about Biden and Kamala. No one is surprised, if you didn't have hypocrisy you'd have no guiding principles at all!

  • (Score: 2) by krishnoid on Saturday January 15 2022, @11:11PM (1 child)

    by krishnoid (1156) on Saturday January 15 2022, @11:11PM (#1213031)

    That shouldn't look suspicious at all (note, spoiler for Breaking Bad) [youtu.be].

    • (Score: 2) by bmimatt on Sunday January 16 2022, @02:25AM

      by bmimatt (5050) on Sunday January 16 2022, @02:25AM (#1213059)

      Inquiring minds want to know what $400MM gets one in NK. As in, what if the Great Leader didn't get that, but someone else was able to spend it freely.

  • (Score: 2) by https on Sunday January 16 2022, @04:30AM (2 children)

    by https (5248) on Sunday January 16 2022, @04:30AM (#1213074) Journal

    How much cryptocurrency have South Korean hackers stolen?

    --
    Offended and laughing about it.
    • (Score: 0) by Anonymous Coward on Sunday January 16 2022, @04:56AM (1 child)

      by Anonymous Coward on Sunday January 16 2022, @04:56AM (#1213076)

      Do you mean North Korean hackers living in South Korea, or South Korean hackers kidnapped by North Korea?

      • (Score: 0) by Mockingbird on Sunday January 16 2022, @07:56AM

        by Mockingbird (15239) Subscriber Badge on Sunday January 16 2022, @07:56AM (#1213085) Journal

        Do you mean North Korean hackers living in South Korea, or South Korean hackers kidnapped by North Korea?

        Yes.

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