US, Japan, South Korea Blame North Korean Hackers for $660M Crypto Heists

Summary: In 2024, North Korean hackers stole approximately $660 million in cryptocurrency, with the funds allegedly supporting Pyongyang’s weapons programs. The US, Japan, and South Korea issued a joint statement warning the blockchain industry about the persistent threat posed by these cybercriminals.

Threat Actor: North Korean hackers | North Korean hackers
Victim: Cryptocurrency exchanges and users | cryptocurrency exchanges

Key Point :

• North Korean hackers conducted at least five major cryptocurrency heists in 2024.
• The stolen funds are reportedly used to finance North Korea’s weapons of mass destruction programs.
• Threat actors employ social engineering tactics and sophisticated malware to target victims.
• The FBI has warned about the aggressive targeting of the cryptocurrency industry by North Korean hackers.
• Warnings have also been issued regarding fake IT workers linked to North Korea, who have funneled millions to the regime.