• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, September 5, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

North Korea Stole $1.6B in Crypto in 2024

Andrew Harrison by Andrew Harrison
December 19, 2024
in Featured, News
Reading Time: 3 mins read
0
north
Share on TwitterShare on Facebook

Introduction

North Korea’s hackers set new records in 2024. They stole $1.6 billion in crypto this year, according to Chainalysis. In fact, this is much higher than the $660.5 million stolen in 2023. It shows how cybercrime funds the regime’s plans. Moreover, hackers linked to North Korea stole 61% of all crypto this year. Hackers drained $2.2 billion from platforms in 2024. North Korea carried out 47 attacks, which is double the number in 2023. Additionally, these attacks targeted crypto platforms and DeFi systems. Experts believe the stolen money is used to fund weapons and missiles.

Smarter Tactics From Crypto Hackers

Meanwhile, North Korean hackers are using better methods now. For example, they spread advanced malware and trick workers with social engineering. They also pose as remote workers to get access to companies. In one case, U.S. authorities indicted 14 North Koreans for using fake names to get IT jobs. They earned $88 million through stealing data and blackmailing firms.  As a result, the scale of these attacks is growing. In 2024, more hacks were worth over $100 million than in past years. Smaller attacks under $50 million also increased. This shows that North Korean hackers can steal on both large and small scales.

The global community has worried for years about North Korea’s use of cybercrime. U.S. officials say up to one-third of the country’s missile program funding comes from stolen funds. This makes cybercrime a key tool for North Korea to bypass sanctions.

Hacking Slows After June

Most of North Korea’s crypto theft happened in the first half of 2024. Hacking slowed after June. Experts think this is linked to closer ties between North Korea and Russia. For instance, in June, Kim Jong Un met with Vladimir Putin. Thus, this meeting marked stronger cooperation between the two nations. Chainalysis suggests the meeting may have led to a shift in focus. Some resources may have been redirected toward helping Russia’s war in Ukraine. This may explain the drop in hacking activity.

North Korea Still Leads in Crypto Theft

Even with the slowdown, 2024 was a record year for North Korean hackers. They were responsible for two-thirds of all crypto hacks worldwide. The $1.6 billion stolen makes them the dominant force in this space. These crimes harm the global crypto market. They also help fund weapons programs, which is a major global concern. The number and scale of these attacks make them harder to stop.  North Korea’s hacking shows no signs of slowing long-term. Their tactics grow more advanced each year. This makes stopping their attacks more challenging. 

Urgent Global Action Needed

The world must act quickly to counter this threat. As North Korea improves its methods, the risk to crypto markets grows. Stronger international efforts are needed to block these crimes and stop their impact on global security.

Tags: advanced tacticsBlockchaincrypto hackscrypto newscrypto platforms.crypto theftcryptocurrencycyberattackscybercrimeCybersecurityDeFiglobal securityhackingmalwareNorth KoreaNorth Korean hackerssanctions evasionstolen fundsweapons funding
Previous Post

Bitcoin Powers Metaplanet’s Turnaround

Next Post

Investors Bet on VIRTUAL Tokens for 2025

Related Posts

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?
News

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Ethereum whales dump $1.8B – but could retail flip the script?
News

Ethereum whales dump $1.8B – but could retail flip the script?

August 31, 2025
Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?
News

Bitcoin slips to $108K as Google searches explode – Smart money preparing an exit?

August 30, 2025
Ethereum $5K Squeeze? Whales and Traders Smell Opportunity
News

Ethereum $5K Squeeze? Whales and Traders Smell Opportunity

August 30, 2025
Bitcoin Price Prediction For The Holiday—Breakout or Breakdown Coming
Featured

Investors Drop Lawsuit Against Strategy Over Bitcoin Risks

August 29, 2025

Press Releases

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing
News

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

by Jordan Avery
September 2, 2025

Bitcoin recently slid 12.8% from its all-time high, but before the bears start celebrating, context matters. Pullbacks in the range...

Read more
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
Why Ethereum ATH Could Crush Bears Before Q3 Ends

Why Ethereum ATH Could Crush Bears Before Q3 Ends

August 12, 2025
Ethereum’s 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

Ethereum 28-Day Countdown: Will Ethereum Smash Through $3,030 Next?

July 20, 2025
Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

Jupiter Token Crash: Why JUP Lost 80% and What Happens Next

June 24, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier