Stolen cryptocurrency increased by 21% to $2.2 billion in 2024 and the number of hacking incidents increased 9% to 303. In 2024, North Korean hackers stole more from crypto platforms and with greater frequency.
Oddly enough, the crypto industry may be benefiting from the Ukraine war. DPRK exploitation activity cratered after July 1, likely explained by North Korean participation in the war changing their cybercrime strategy.
If the $ amount stolen increased by only 21% while the total crypto market cap rose over 100% and incedents increased by 9% that would mean thieves got less successful over the last year.
what if they held
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It’s wild out there. Cold storage is the way🥶
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How can it be conclusive that it was North Korean hackers?
Interesting take. Except there is no evidence that any DPRK military is participating in the war. It is just propaganda to create at sense of peril in the west. On a practicality angle. It would be almost impossible to integrate the DPRK into the Russian military. Besides this, Russia added 450,000 volunteers to their own army this year. Thats over 1000 per day volunteering. While there are numerous videos of Ukrainian secret police hunting down Ukrainian men and throwing them into a van to press gang them into service.
