- North Korean crypto crime rate reached an all-time high in 2022.
- A cybersecurity firm said North Korean criminals moved over $1B worth of crypto.
- Ransomware attackers extorted $456M in 2022 compared to $765M in 2021.
According to a classified United Nations study, North Koreans stole more crypto assets in 2022 than in any previous year. The report noted that Korean criminals targeted foreign aerospace networks, cyber finance, and military industries, using increasingly sophisticated cyber techniques to access information of potential value.
While reporting to the UN Security Council committee, independent sanction monitors quoted two figures of the estimated stolen funds. It said South Korean officials estimated that North Korean-linked hackers stole $630 million of virtual assets in 2022. However, a cybersecurity company stated North Korean cybercrime siphoned cryptocurrencies worth more than $1 billion.
The report read: “The variation in the USD value of cryptocurrency in recent months is likely to have affected these estimates, but both show that 2022 was a record-breaking year for DPRK (North Korea) virtual asset theft.”
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