#DeFiHacks

$1.7 Billion Stolen in Cryptocurrency Hacks in 2023: Analysis

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January 25, 2024 at 11:48AM In 2023, $1.7 billion in cryptocurrency was stolen, down from $3.7 billion in 2022. Decentralized financial systems (DeFi) were targeted, with $1.1 billion stolen, a 64% decrease. North Korean hackers stole slightly over $1 billion, with the number of attacks increasing. Cybersecurity measures are improving, with better collaboration between crypto … Read more

North Korea’s Lazarus Group Rakes in $3 Billion from Cryptocurrency Hacks

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November 30, 2023 at 07:18AM Since 2017, North Korean hackers have targeted the crypto sector to bypass sanctions, stealing $3 billion in assets, significantly impacting DeFi platforms. The U.S. imposed sanctions against a mixer used by DPRK’s Lazarus Group for money laundering, which funds their WMD programs. Recorded Future suggests increased industry cybersecurity is necessary. … Read more