Billions in crypto stolen by North Korean hackers to fund missile R&D

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Billions in crypto stolen by North Korean hackers to fund missile R&D
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According to the Wall Street Journal and other news outlets, North Korean hackers have been responsible for stealing billions of dollars of crypto in 2022 alone.

“The real surge in the last year has been against central crypto infrastructure around the world that hold large sums, like Sky Mavis, leading to more large-scale heists,” Anne Neuberger, who serves as President Biden's deputy national security adviser for cyber and emerging technology, recently stated.

reported. Interestingly, there has also been a rise in missile testing by Kim Jong Un's regime during this period, coinciding with the increase in crypto thefts.has conducted six nuclear tests already, and experts predict that they may conduct the seventh one this year. This is due to the country's determination to further its nuclear weapons program under the leadership of Kim Jong-un.

“They were really early into crypto, and they were some of the most advanced users of crypto early on,” said Erin Plante, the vice president of investigations with Chainalysis. Earlier this year, there was a unique hack attack conducted by North Korean-linked hackers. They targeted multiple firms through a cascading supply attack.

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