North Korea-Linked Hackers Steal Record $1.7 Billion in Crypto in 2023

A new report by Chainalysis reveals that North Korea-linked hackers targeted a record number of crypto platforms in 2023, hacking 20 platforms and stealing over $1 billion worth of crypto assets. This marks the highest level of hacking activity recorded in the past seven years. The FBI has attributed a $100 million crypto heist on the Horizon bridge in 2022 to North Korea-linked hackers, and the U.S. Department of the Treasury's Office of Foreign Assets Control has sanctioned Sinbad.io, a virtual currency mixer used by the Lazarus Group for money laundering. The report underscores the need for continuous vigilance and innovation in cybersecurity to combat North Korea's prolific cyber-thievery.