Crypto Country: North Korea’s Targeting of Cryptocurrency

In a new report, Recorded Futures Insikt Group examines North Koreas success in its cybercriminal operations targeting the cryptocurrency industry. Since 2017, North Korea has significantly increased its focus on the cryptocurrency industry, stealing an estimated $3 billion worth of cryptocurrency. Initially successful in stealing from financial institutions through the hijacking of the SWIFT network, North Korea shifted its attention to cryptocurrency during the 2017 bubble, starting with the South Korean market and later expanding globally. In 2022 alone, North …

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