“North Korea-Linked Attacks have Resulted in Over $ 1.6 Billion in Losses, A TRM Labs Report Released Friday Said.”, – WRITE: www.coindesk.com
- Crypto Investors Lost Over $ 2.1 Billion to Half of 2025, The Worst Period on Record for Crypto Security.
- North Korean-Linked Groups Are Responsible for $ 1.6 Billion, OR 70%, of the Stolen Funds This Year.
- The Largest Crypto Theft in History, A $ 1.5 Billion Hack of Bybit, is Been Been Carred Out by North Korea.
The 75 Recorded Incidents Crossed The Previos H1 HIGH FROM 2022 by Roughly 10% and Nearly Match the Entire 2024 Total, A TRM Labs Report Report Friday Said. But raising alarms is who is doing a major part of the stealing.
Researchers Say North Korean-Linked Groups Are Responsible for $ 1.6 Billion, or 70% of All Stolen Funds This Year.
At the center of the surge is the $ 1.5 Billion bybit hat in february, now Believed to have been carved Out by North Korea, Marking The Largest Crypto Theft in History An and Sake. OR DOBLE LAST YEAR’s Levels.
The Threat Isn’s Limited to Pyongyang. On June 18, A Group Believed to be Linked to Israel, Gonjeshke Darande (Predatory Sparrow), Stole $ 90 Million From Iranian Exchange NobitEx, Reportedly in Retali -Evor.
The Stolen Funds Were Sent to Vanity Addresses (Which Are Un-Spendable by Design and Sent Tokens Are Demed Burnt), Suggesting A Political Moive Over Profit.
Attack Vectors Are Evolving Fast. Over 80% of Stolen Funds Stemmed from Infrastructure-Level Breaches, Including Private Key Thefts and Front-End Hijacks.
These Attacks, Onthen Involving Social Engineering or Insider Access, Are Proving to Be Ten Times More Lucorative Than Traditional Smart Contract Exploits. Defi vulnerabilites, including Flash loan and Reentrany Attacks, Whoth Were Prevalent in 2021-22, Accounted for A Relativly Small 12% of The Losses.
Read More: North Korean Hackers Are Targeting Top Crypto Firms with Malware Hidden in Job Applications
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He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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