Chainalysis Reveals North Korea’s Record Crypto Heists in 2024
The post Chainalysis Reveals North Korea’s Record Crypto Heists in 2024 appeared on BitcoinEthereumNews.com.
Blockchain security is taking center stage as new developments highlight both challenges and advancements in the sector. A recent Chainalysis report revealed a dramatic rise in crypto thefts tied to North Korean hackers, who doubled their stolen assets in 2024 to over $1.3 billion. In parallel, Chainalysis has announced its acquisition of Hexagate, a Web3 security firm, signaling a proactive shift toward preventing such exploits. North Korean Hackers Double Crypto Theft in 2024, Chainalysis Reports In a chilling revelation, analytics firm Chainalysis has disclosed that hackers tied to the Democratic People’s Republic of Korea (DPRK) have doubled their crypto theft in 2024 compared to the previous year. The report, released on Dec. 19, outlines how North Korean cybercriminals stole over $1.3 billion worth of digital assets across 47 incidents in 2024, accounting for a staggering 61% of all crypto thefts reported globally. The findings indicate a significant escalation in the scale and frequency of DPRK-linked cyberattacks. This marks a stark contrast to 2023, during which hackers tied to the isolated nation stole approximately $660 million in cryptocurrency. Chainalysis highlighted a worrying trend: not only are DPRK’s crypto attacks becoming more frequent, but the hackers are also successfully pulling off larger exploits. The report noted that in 2024, attacks involving sums between $50 million and $100 million—and even those exceeding $100 million—occurred more often than in the prior year. This pattern diverges sharply from the two preceding years, when most of the DPRK’s exploits yielded profits below $50 million. “It appears that the DPRK’s crypto attacks are becoming more frequent,” Chainalysis reported. “Notably, attacks between $50 and $100 million, and those above $100 million occurred far more frequently in 2024 than they did in 2023, suggesting that the DPRK is getting better and faster at massive exploits.” Despite North Korea’s increasing…
