North Korea-linked hackers have stolen hundreds of millions of crypto to fund the regime's nuclear weapons programs, research shows.
it continues "to identify and disrupt North Korea's theft and laundering of virtual currency, which is used to support North Korea's ballistic missile and Weapons of Mass Destruction programs."
"They are under pretty serious economic stress with international sanctions. They need every dollar they can. And this is just obviously a much more efficient way for North Korea to make money," Nick Carlsen, intelligence analyst at blockchain analytics firm TRM Labs, told CNBC. "Even if that dollar stolen in crypto doesn't directly go towards the purchase of some component for the nuclear program, it frees up another dollar to support the regime and its programs," said Carlsen.North Korea-affiliated hackers exploit vulnerabilities in the crypto ecosystem in a variety of ways.
Some examples include phishing and supply chain attacks, as well as through infrastructure hacks which involve private key or seed phrase compromises, TRM Labs said in the report.A whopping $3.8 billion was stolen from crypto businesses, primarily from exploiting decentralized finance protocols and by North Korea-linked attackers, said Chainalysis.
Hackers exploit what's known as a blockchain "bridge," which allows users to transfer their digital assets from one crypto network to another.
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