In brief
- A report from the U.S. and other Western nations has found that North Korea is becoming more systematic and sophisticated in its crypto-hacking activities.
- Yet one contributor to the report, Chainalysis, indicates that Western agencies and firms are increasingly adapting to the growing threat.
- North Korea’s hacking activities have been supplemented in recent months by an IT worker program, which has expanded into China and is expanding into Russia.
North Korea has stolen $2.84 billion in crypto since January 2024, according to a new report from the Multilateral Sanctions Monitoring Team.
Responsible for monitoring the violation of UN sanctions against the Democratic People’s Republic of Korea, the MSMT also found that the DPRK stole “at least” $1.65 billion between January and September of this year.
Much of this was the fruit of February’s Bybit hack, yet the MSMT—which lists the U.S., Japan, Germany, France, Canada, Australia and other Western nations as participating states—also reports that North Korea has been expanding its use of remote IT work.
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Author: Simon Chandler
