North Korea's Making a Killing from Crypto Hacking
Cryptovest
Published Oct 19, 2018 11:37AM ET
Updated Oct 19, 2018 12:41PM ET
North Korea's Making a Killing from Crypto Hacking
A North Korean hacking group named Lazarus has been responsible for the disappearance of approximately $571 million in cryptocurrency, a report by Group-IB relayed by The Next Web finds.
Prior to its annual report in cybercrime statistics, Group-IB released some information showing that the North Korean state’s own hacking organization managed to steal more than half a billion US dollars in coins from exchanges. This may not be a complete picture, as the group may have also stolen more coins in other attacks.
So far, the largest attack that has been accounted for as Lazarus’ doing was the $534 million attack on Coincheck, where a large quantity of NEM disappeared from t...
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