• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home INDIA

North Korean Hackers Embezzled $400 Million In Cryptocurrency Last Year

CB4U by CB4U
January 14, 2022
in INDIA
0
North Korean Hackers Embezzled $400 Million In Cryptocurrency Last Year
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Cyberattacks from North Korea have increased substantially from 2020 to 2021, according to a report on Moneycontrol.com, The number of hacks originating from North Korea surged from four to seven, constituting an increase of 40%, says a report released on Thursday.

40% surge in the hacking incidents in one year

The report revealed that the much-sanctioned country, facing a slew of sanctions due to its secret nuclear weapons program, could extract nearly $400 million worth of digital assets last year. In a new report, it was one of the most successful years on record, blockchain analysis firm Chainalysis said.

Once North Korea successfully siphoned off the crypto assets, it began a careful laundering process to cover up and cash out.

North Korea is under sanctions as per a resolution of the Security Council. However, a United Nations panel that monitors the enforcement of the sanctions on North Korea has accused Pyongyang of using stolen funds to support its nuclear and ballistic missile programs to circumvent sanctions.

North Korea never answers the world media about the allegations. However, in the past, it has denied allegations of hacking.

Three North Korean computer programmers charged for stealing $1.3 billion in money and cryptocurrency

In 2021 the US charged three North Korean computer programmers to be involved in a massive and year-long hacking spree to steal $1.3 billion in money and cryptocurrency. The three programmers were a part of the nation’s intelligence service. The entities affected by the hacks include banks, cryptocurrency-associated entities and even Hollywood movie studios.

Chain analysis did not precisely identify the victims of the hacking exploits but did say that the victims included investment firms and centralized exchanges. It also included Liquid.com, which announced in August that an unauthorized user had gained access to some of the cryptocurrency wallets it managed.

The modus operandi used by the hackers include phishing lures, code exploits, malware, and advanced social engineering to siphon funds out of these organizations into internet-connected hot’ wallets into North Korea-controlled addresses, the report said.

The attackers were also traced to the ‘WannaCry‘ ransomware attacks, international banks and customer accounts hacking, and the 2014 cyber-attacks on Sony Pictures Entertainment.

Chain analysis also revealed that North Korea had perfected software to launder stolen cryptocurrency by pooling and scrambling cryptocurrencies from thousands of addresses.

Disclaimer

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

About Author

Advertisement Banner
Previous Post

BITCOIN DUMPED! Major Bitcoin & Altcoin Buying Opportunities?! Coffee N Crypto LIVE

Next Post

Bullish Signals Push DeFi Token ATOM Up 90% In The Past Month

CB4U

CB4U

Next Post
Bullish Signals Push DeFi Token ATOM Up 90% In The Past Month

Bullish Signals Push DeFi Token ATOM Up 90% In The Past Month

Discussion about this post

RECOMMENDED

Bitcoin traders say $34K was the bottom, but data says it’s too early to tell

Bitcoin traders say $34K was the bottom, but data says it’s too early to tell

1 year ago
NFT Minting – Latest NFT Game ‘Silks’ set to launch in 2022

NFT Minting – Latest NFT Game ‘Silks’ set to launch in 2022

1 year ago

DON'T MISS

Atomic Wallet Calls Caution as it Investigates Ongoing Compromise

Atomic Wallet Calls Caution as it Investigates Ongoing Compromise

June 4, 2023
GET YOUR CRYPTO OFF THIS EXCHANGE!

GET YOUR CRYPTO OFF THIS EXCHANGE!

June 4, 2023
Watch THIS level for Cardano

Massive 3.13 Billion ADA Moved Amid Stellar Performance…ADA Price up?

June 4, 2023
Bitcoin network hash rate hit a record high in May

Bitcoin network hash rate hit a record high in May

June 4, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Atomic Wallet Calls Caution as it Investigates Ongoing Compromise

Atomic Wallet Calls Caution as it Investigates Ongoing Compromise

June 4, 2023
GET YOUR CRYPTO OFF THIS EXCHANGE!

GET YOUR CRYPTO OFF THIS EXCHANGE!

June 4, 2023
Watch THIS level for Cardano

Massive 3.13 Billion ADA Moved Amid Stellar Performance…ADA Price up?

June 4, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H