North Korea's hackers have stolen $400 million in cryptocurrencies

Hacker groups from North Korea have been targeting Crypto Exchanges at. According to experts, cryptocurrencies worth around $400 million last year (almost 350 million euros).

The hackers would have carried out cyber attacks on numerous platforms for digital currencies and the amounts in North Korean controlled accounts moved, writes blockchain data platform Chainalysis in a new report.

Money Laundering with Bitcoin

“Once North Korea gained control of the funds, they began a diligent money laundering process to cover their tracks”, the report goes on to say.

The hackers were targeting numerous cryptocurrencies. The world’s largest digital currency Bitcoin accounted for a quarter of the stolen amounts.

Lazarus

The report specifically refers to the North Korean hacking group Lazarus, which is responsible for, among other things, the hacker attack on the production company Sony in 2014 is held responsible. As of 2018 the group has more than 200 million dollarseach year of cryptocurrencies, writes Chainalysis.

North Korea is notorious for its hackers. The country, which is largely ostracized internationally, started its cyber program in the mid-1990s at the latest. A cyber entity known as Bureau 121 is said to have more than

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