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HomeCryptoNorth Korean Hackers Accused of Stealing $1.2 Billion in Crypto Funds

North Korean Hackers Accused of Stealing $1.2 Billion in Crypto Funds

Over the past 5 years, North Korean cybercriminals have reportedly stolen a powerful 1.5 trillion gained (round $1.2 billion) price of crypto, in response to a report by the Related Press.Β 

This 12 months alone, North Korean hackers managed to steal 800 billion gained ($625 million), which is roughly half of your entire sum. It has been estimated that 100 billion ($78 million) had been stolen from South Korean entities over the aforementioned time frame.Β 

It has been recommended that North Korea is utilizing cybercrime to achieve a much-needed supply of funding for its fragile economic system and nuclear program.Β 

The authoritarian state has suffered from a double whammy of harsh U.N. sanctions and pandemic-related difficulties.Β 

In April, the U.S. authorities linked North Korean hackers to the theft of $620 million price of cryptocurrency from the online game Axie Infinity, which is believed to be one of many largest crypto heists ever recorded.Β 

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