North Korea's Crypto Attacks Soar
North Korea's cyber attacks on crypto platforms surged in 2023, hitting a record high of 20 incidents, as reported by Chainalysis. Despite an overall downturn in the crypto market, the country targeted more platforms than ever, though the total stolen amount decreased to just over $1 billion. Notably, North Korean hackers shifted focus to decentralized finance (DeFi) platforms, pilfering approximately $428.8 million, with reduced targeting of DeFi protocols. The decline in DeFi hacks contributed to a 54.3% drop in the total stolen funds in 2023. Chainalysis identified vulnerabilities in smart contracts and compromised private keys as prominent attack vectors in the DeFi space.
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