North Korean cyberwarfare attacks in the cryptocurrency industry grows on sophistication Warning In the report titled “Demytification The North Korea Threat.”
North Korea’s cyberattacks are from attacks on social engineering exchanges and attempts at phishing attacks and complex supply chain hijacks, the report says. In some cases, attacks take a year to play out, with North Korea operatives wrapping their time.
https://www.youtube.com/watch?v=ndv0rFehetq
The United Nations Estimates That between 2017 and 2023, North Korea hackers recorded the country of $ 3 billion. Total Haul was saved in 2024 and this year, with successful attacks against crypto exchanges Wazirx and Bybittogether have attacked attackers around $ 1.7 billion.
Paradigm insists that North Korean organizations have been dating these attacks at least five: Lazarus Group, Spinout, Applejeus, Dangerous Passwords, and TraitORTRADER. There is also a coalition of North Korea operatives who posed as IT workers, who enter tech companies worldwide.
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High-profile attacks and unpredictable launch procedures
It also gained the goal in the cryptocurrency industry, Once in great impact. In 2017, the group struck two crypto exchanges – Youubit and Bithumb. In 2022, the Lazarus Group took advantage of the Ronin Bridge, resulting in hundreds of millions of lost property. And in 2025, it relentlessly stole $ 1.5 billion from Bybit, which sends shock to the entire crypto community. The group may Behind some memecoin scams of Solana.
As the chainalysis and other organizations explained, Lazarus Group also has predictable procedure of launching money After a haul of a haul. It removes the stolen value in smaller and smaller pieces, sending them to countless other purses. It then replaced more unobtrusive coins for those with higher liquidity and that convert most of it to bitcoin (Btc). After that, the group can sit on stolen money for a long time until attention from law enforcement has died.
The FBI has now identified three alleged members of the Lazarus team, who accused them of cybercrimes. In February 2021, the US Justice Department accused two of the members for participating in global cybercrimes.
Magazine: Lazarus Group’s favorite exploitation is revealed – Crypto hacks review
