A US Based Blockchain analytics Company reported on Feb 1 that Wednesday North Korea Based Hacking Group Stole Crypto Worth $3.8 Billion in 2022. Last Year was the highest record for a crypto heist.
In a report released by Chainalysis, several crypto heists happened in March and October 2022. In only October, the month record was around $775.7 million crypto assets stolen in 32 different attacks. Due to this, many crypto companies were closed, and investors faced huge losses.
The reports show that most North Korean accounts have lost millions of dollars. North Korea denied hacking allegations. Instead,Korea relies on crypto hacks to support its missile and nuclear weapons because cryptocurrency is the most excellent chunk of the world economy.
Any Action Against the North Korea Hackers?
U.S. law enforcement took the first initiative to seize $30 million in crypto funds connected with Korean hackers. Hackers’ main targets are Defi or Decentralized Finance, as they stole 82 percent of their crypto.