{"id":9647,"date":"2024-01-05T18:16:47","date_gmt":"2024-01-05T16:16:47","guid":{"rendered":"https:\/\/forklog.com\/en\/north-korean-hackers-stole-600-million-in-2023\/"},"modified":"2024-01-05T18:16:47","modified_gmt":"2024-01-05T16:16:47","slug":"north-korean-hackers-stole-600-million-in-2023","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/north-korean-hackers-stole-600-million-in-2023\/","title":{"rendered":"North Korean Hackers Stole $600 Million in 2023"},"content":{"rendered":"<p>Over the past year, hackers linked to North Korea have stolen at least $600 million and are responsible for nearly a third of cyber incidents, according to a report by <a href=\"https:\/\/www.trmlabs.com\/post\/north-korean-hackers-stole-600-million-in-crypto-in-2023\">TRM Labs<\/a>.<\/p>\n<p>Analysts suggest the total could rise if North Korean involvement in the hack of the cross-chain bridge Orbit Bridge on the last day of 2023 is confirmed.<\/p>\n<p>The figure reported by TRM Labs is 30% less than in 2022, when the company&#8217;s experts estimated losses to the industry from North Korean hackers at $850 million. A UN report cited $630 million, while Chainalysis claimed $1.7 billion.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-01-05-v-17.28.29.webp\" alt=\"Snimok-ekrana-2024-01-05-v-17.28.29\" class=\"wp-image-223330\"\/><figcaption class=\"wp-element-caption\">Data: TRM Labs.<\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Hacks carried out by North Korea were on average ten times more destructive than those not linked to [the country],&#8221; the report states.<\/p>\n<\/blockquote>\n<p>According to experts, North Korean hackers employ <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%A1%D0%BE%D1%86%D0%B8%D0%B0%D0%BB%D1%8C%D0%BD%D0%B0%D1%8F_%D0%B8%D0%BD%D0%B6%D0%B5%D0%BD%D0%B5%D1%80%D0%B8%D1%8F\">social engineering<\/a> to gain access to private keys and seed phrases. They exchange the stolen funds for USDT or Tron and convert them into hard currency through major over-the-counter brokers.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;As US sanctions and enforcement actions targeted Tornado Cash and ChipMixer [\u2026] North Korea switched to another mixer \u2014 the Sinbad service. After the U.S. Treasury&#8217;s <span data-descr=\"Office of Foreign Assets Control of the U.S. Treasury\" class=\"old_tooltip\">OFAC<\/span> imposed sanctions on Sinbad in November 2023, North Korea continued to explore other money laundering tools,&#8221; analysts highlighted.<\/p>\n<\/blockquote>\n<p>Previously, experts at Recorded Future estimated that since 2017, North Korean hackers have stolen approximately $3 billion in digital assets.<\/p>\n<p>In April 2023, the U.S. Treasury identified three over-the-counter traders conducting cryptocurrency transactions worth tens of millions of dollars for the Lazarus Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over the past year, hackers linked to North Korea have stolen at least $600 million and are responsible for nearly a third of cyber incidents, according to a report by TRM Labs. Analysts suggest the total could rise if North Korean involvement in the hack of the cross-chain bridge Orbit Bridge on the last day [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[44,1202],"class_list":["post-9647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybercrime","tag-north-korea-dprk"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=9647"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/9647\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/9646"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=9647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=9647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=9647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}