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Tuesday, January 18, 2022

North Korean hackers said to have stolen nearly $400 million in cryptocurrency last year

Hackers launched at least seven different attacks last year, primarily targeting investment firms and centralized exchanges with a variety of tactics, including phishing, malware and social engineering, according to the report from Chainalysis, a firm that tracks cryptocurrency. The cybercriminals worked to gain access to organizations’ “hot” wallets — digital wallets that are connected to the internet — and then move funds into DPRK-controlled accounts.

Crypto heists are only getting bigger. Here's what you should know
The thefts are the latest indication that the heavily sanctioned country continues to rely on a network of hackers to help fund its domestic programs. A confidential United Nations report previously accused the regime of North Korea’s leader, Kim Jong Un, of conducting “operations against financial institutions and virtual currency exchange houses” to pay for weapons and keep North Korea’s economy afloat.
Last February, the US…

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