🚀🚀Buckle up, Bitcoiners! A confidential UN report reveals that North Korea's infamous Lazarus Group transferred millions in stolen cryptocurrency back to North Korea last year. In a daring heist, they swiped a cool $147.5 million from HTX, a crypto exchange owned by TRON founder Justin Sun, in March 2023.
🕵️♂️The UN has been investigating a whopping 97 suspected North Korean cyberattacks on crypto firms between 2017 and 2024, totaling an estimated $3.6 billion. North Korean IT workers abroad are also reportedly earning significant income for their country.
🌪️Tornado Cash, the sanctioned crypto mixer, has been the hackers' tool of choice for funneling funds into the isolated nation. In 2022, the US sanctioned Tornado Cash for aiding North Korea, and in 2023, two of its co-founders were charged with facilitating over $1 billion in money laundering.
🎯In 2023, North Korea expanded its targeting of crypto platforms, hitting more than ever before. Despite a decrease in the total amount stolen compared to 2022, the number of hacks reached a record high of 20. The total stolen cryptocurrency amounted to just over $1 billion, with a focus on DeFi, stealing approximately $429 million in the process.
🔒Stay vigilant, folks! As the crypto market continues to grow, so does the attention it attracts from less savory characters. Keep those wallets secure! 💼🔐