2024

Cryptocurrency

Million

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<p><strong>Key Points:</strong></p>  
<ul class="wp-block-list">
 <li><em>North Korean hackers stole $1.34 billion from cryptocurrency platforms in 2024.</em></li>  
 <li><em>The attackers used advanced methods, including fake job websites and exploiting remote work opportunities.</em></li> 
</ul>  
<h5 class="wp-block-heading">North Korean hackers stole a record amount of cryptocurrency in 2024, blockchain analytics firm Chainalysis <a href="https://www.chainalysis.com/blog/crypto-hacking-stolen-funds-2025/" target="_blank" rel="noopener noreferrer nofollow">said</a>.</h5>  
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2024/12/On-Black-21-1-1024x576.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2024/12/On-Black-21-1-1024x576.jpg" alt="North Korean Hackers to Account for Half of Crypto Thefts in 2024" class="wp-image-297908"></a>
</figure>  
<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/292171-world-liberty-financial-integrates-chainlink/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/210539-coindesk-transformation-staff-cuts/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/227549-fed-chair-jerome-powell-issues-warning/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/285902-north-korean-hackers-seized-2-67-million/" rel="noopener noreferrer nofollow"></a><a href="https://coincu.com/wp-admin/post.php?post=285902&amp;action=edit" rel="noopener noreferrer nofollow">North Korean Hackers Seized $2.67 Million in Illicit Fund by US Government</a></p>  
<h2 class="wp-block-heading" id="north-korean-hackers-stole-record-breaking-cryptocurrency-in-2024">North Korean Hackers Stole Record-Breaking Cryptocurrency in 2024</h2>  
<p>More than 50 per cent of a total of $2.2 billion looted from digital platforms this year is now accounted for by the group, a matter of grave concern for national security in the United States.</p>  
<p>Chainalysis revealed in a report released on Thursday that North Korea-associated cyber thieves stole $1.34 billion in 47 separate incidents in 2024, compared with $660.5 million in 20 incidents just a year earlier.</p>  
<p>After receiving the funds, the hackers disguise their origins by laundering the stolen cryptocurrency through decentralized financial platforms, mining operations, and mixing services, according to the report. U.S. officials have long warned that such cyberattacks serve to keep Pyongyang afloat amidst internationally imposed sanctions.</p>  
<h2 class="wp-block-heading" id="remote-work-exploitation-a-new-tactic-in-north-korea-s-hacking-arsenal">Remote Work Exploitation: A New Tactic in North Korea's Hacking Arsenal</h2>  
<p>The U.S. Department of Justice has indicted 14 North Korean nationals for fraud and money laundering. Prosecutors say the individuals, who worked as remote IT workers for U.S. companies, raked in more than $88 million through stolen data and extortion schemes.</p>  
<p>The cyberattacks, often attributed to <a href="https://coincu.com/282898-deltaprime-on-avalanche-loses-4-5m-in-hack/" target="_blank" rel="noopener noreferrer nofollow">North Korea</a>'s Reconnaissance General Bureau, have also targeted cryptocurrency platforms with highly sophisticated and previously unknown hacking tools. Researchers in cybersecurity say the attackers use fake job websites to trick victims into giving out sensitive information. While the thefts by <a href="https://coincu.com/281009-north-korean-crypto-hackers-etf-companies/" target="_blank" rel="noopener noreferrer nofollow">North Korean hackers</a> decreased slightly in 2023 to just over $1 billion, this year's unprecedented surge has underlined growing capabilities.</p>  
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North Korean Hackers to Account for Half of Crypto Thefts in 2024

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