šŸ’¹šŸŖ™šŸšØ North Korean Hackers Escalate Crypto Heists $BTC $ETH

A recent report from Chainalysis šŸ“Š reveals a disturbing trend: funds stolen in "crypto heists" have nearly doubled from $857 million to $1.58 billion šŸ’ø as of July 2023. North Korea's hacking groups šŸ¤– have been identified as major players in this surge of cybercrime.

šŸ”„ Key Findings:

- Total stolen funds: $1.58 billion šŸ’ø

- Increase from 2022: 85% šŸš€

- North Korea's hacking groups: major players šŸ¤–

šŸ•µļøā€ā™‚ļø North Korea's Involvement:

- UN Security Council's panel of experts: North Korean hackers stole an estimated $3 billion in cryptocurrencies since 2017 šŸ“Š

- Hacking groups: Lazarus, APT38, and others šŸ¤–

- Targets: cryptocurrency exchanges, wallets, and users šŸŽÆ

šŸ’» How They Operate:

- Phishing attacks šŸŽ£

- Malware and ransomware šŸ¤–

- Social engineering šŸ¤

- Exploiting vulnerabilities šŸ”“

šŸšØ Consequences:

- Financial losses for individuals and businesses šŸ’ø

- Damage to cryptocurrency market reputation šŸ“‰

- Funding for North Korea's illicit activities šŸ¤„

šŸ‘®ā€ā™‚ļø Response:

- Increased security measures for cryptocurrency exchanges and users šŸ”’

- International cooperation to track and disrupt North Korean hacking groups šŸ•µļøā€ā™‚ļø

- Sanctions against North Korea for illicit activities šŸš«

Note: The escalating crypto heists by North Korean hackers pose a significant threat to the cryptocurrency market and global security. It's essential to stay vigilant and take proactive measures to prevent and respond to these cybercrimes. šŸ”’#TON #DOGSONBINANCE #TelegramCEO #PowellAtJacksonHole #BinanceBlockchainWeek