According to a report by Chainalysis, North Korean state-affiliated hacking groups have stolen over $340 million worth of cryptocurrency from exchanges and web3 apps this year. This adds to the record-breaking $1.6 billion in North Korea-linked hacks from 2022. Cybercrime has become a significant source of revenue for North Korea's heavily sanctioned economy, with an estimated 30% of cryptocurrency hacks this year linked to the regime.
North Korean hackers were linked to the recent $54 million hack of CoinEx, and the report also found that they have increasingly used Russian trading platforms for money laundering since 2021.
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