North Korea-Linked Hackers Dominate Crypto Theft in 2024

North Korea-linked hackers stole over $1 billion in crypto in 2024, accounting for 61% of all stolen funds.
Matilda
North Korea-Linked Hackers Dominate Crypto Theft in 2024
The crypto world, while experiencing rapid growth, has also become a prime target for cybercriminals. In 2024, a staggering $2.2 billion worth of cryptocurrency was stolen, marking a 21% increase from the previous year. A significant portion of these thefts can be attributed to hacking groups linked to North Korea. North Korea's Cyber Arsenal According to a recent Chainalysis report, North Korean hackers were responsible for a staggering 61% of all crypto stolen in 2024, amounting to a staggering $1.34 billion across 47 incidents. This alarming statistic underscores the nation's increasing reliance on cybercrime to fund its nuclear and missile programs. A Geopolitical Twist The report revealed that the majority of crypto hacks occurred between January and July 2024. However, a notable decline in attacks was observed after a summit between Russian President Vladimir Putin and North Korean leader Kim Jong Un in June. This suggests a potential shift in North Korea's cybercrime ta…