North Korean hackers have showed no signs of slowing down, while they devise more sophisticated means to steal cryptocurrency.
A recent report by blockchain forensics company Chainalysis stated that cybercriminals in North Korea stole bitcoin and Ether, worth almost $400 million but still have millions worth of stolen cryptocurrency funds unlaundered.published January 13, 2022, stated that the funds were stolen following attacks on a minimum of seven crypto exchanges. Also, the company believes most of the attacks were possibly conducted by the infamous cybercriminal organization known as the Lazarus Group.
The hackers employed methods such as code exploits, phishing, malware, advanced social engineering, and code exploits to steal funds from exchanges with porous security systems. The BTC is also mixed and consolidated into a new wallet. The hackers then send the Bitcoin to deposit addresses at exchanges that enable crypto to fiat conversion and are based in Asia.
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