Summary:
According to a report by TRM Labs, hackers linked to North Korea have stolen over $200 million in cryptocurrency in 2023, accounting for over 20% of all stolen crypto this year. Last year was the most successful year for hackers, with over $800 million stolen. The hackers use various techniques to launder stolen funds and favor Sinbad as their mixing service of choice. In June, they targeted Atomic Wallet users and stole approximately $100 million in various cryptocurrencies. TRM Labs emphasizes the importance of robust cybersecurity and advises the use of hardware security modules, whitelisting addresses, and secure offline storage.
Key Points:
– Hackers linked to North Korea have stolen over $200 million in cryptocurrency in 2023, accounting for over 20% of all stolen crypto this year.
– Last year was the most successful year for hackers, with over $800 million stolen.
– Hackers use various techniques to launder stolen funds, with Sinbad being their preferred mixing service.
– Atomic Wallet users were targeted in June, resulting in a theft of approximately $100 million in various cryptocurrencies.
– TRM Labs emphasizes the importance of robust cybersecurity, including the use of hardware security modules, whitelisting addresses, and secure offline storage.
Hot Take:
The increasing prevalence of cryptocurrency theft by North Korean hackers highlights the need for enhanced cybersecurity measures in the crypto industry. As hackers become more sophisticated, individuals and businesses must prioritize the protection of their assets through secure practices and technologies such as hardware security modules. Additionally, regulatory bodies and exchanges should strengthen their KYC/AML controls to prevent hackers from easily cashing out stolen funds.
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