The U.S., Japan, and South Korea reported that North Korean blockchain bandits stole over $659 million in cryptocurrency in 2024 through five major incidents.
The biggest heist was the $308 million raid on BitcoinDMM, where attackers impersonated a Ginco staff member, exploiting weak security measures.
In July 2024, the Indian exchange WazirX suffered a major breach, losing $235 million, largely due to compromised transaction authorization processes.
North Korea has increased its cryptocurrency thefts, effectively laundering stolen assets using services like Tornado Cash, showcasing the evolving threat landscape.
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