Report: $272 million worth of Ethereum was stolen by North Korean hackers in 2021

Report: $272 million worth of Ethereum was stolen by North Korean hackers in 2021

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Answer Report: $272 million worth of Ethereum was stolen by North Korean hackers in 2021

Chainalysis, a blockchain analytics firm, has estimated that North Korean hackers stole $395 million worth of cryptocurrency last year by conducting seven successful security breaches published by Wired.

It is worth noting that Ethereum represented 58% of the amount stolen, which is worth $272 million.

While Bitcoin accounts for one-fifth of the $400 million figure indicated above.

While the amount of cryptocurrencies based on the Ethereum blockchain is 11%.

According to Chainalysis data, the total amount of cryptocurrency stolen by North Korean hackers has now exceeded $1.5 billion.

As one of the most sanctioned countries in the world, North Korea is a pariah on the global economic stage.

Read:After the rapid decline of Bitcoin: Liquidation of $ 300 million of leveraged holders in one hour

Close ties with China, which buys 90% of North Korean goods, help keep the faltering economy running, but the country also engages in various criminal activities.

After drug trafficking and counterfeiting, cybercrime has emerged as a new source of revenue for the state, with cryptocurrency exchanges becoming lucrative targets for North Korean military hacking units.

The Kim Jong-un regime relies on hackers to finance the development of advanced ballistic missiles and nuclear weapons.

In 2018, North Korean hackers stole $522 million, which remains the largest annual sum to date.

The famous hacking group, Lazarus, carried out a large-scale hacking and hacking of Sony in 2014, and was also responsible for the theft of the Singapore-based cryptocurrency exchange KuCoin, where the value of the theft amounted to 275 million dollars in 2014. 2020.

You know, North Korean hackers use sophisticated techniques to launder stolen money.

Last September, Ethereum developer Virgil Griffith pleaded guilty to helping North Korea circumvent US sanctions.

Read:JP Morgan warns of a bear market coming to Bitcoin!

Read also:

Bank of America: Solana Can Overtake Ethereum and Become a Visa Cryptocurrency

An increase in the number of bitcoins issued and transferred from cryptocurrency exchanges to private wallets

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