North Korea's Crypto Heist: Record-Breaking Theft & Evolving Tactics
Update: 2025-12-18
Description
North Korean hackers have reportedly stolen over $2 billion in cryptocurrency this year, marking a significant increase from last year and accounting for nearly 60% of the total stolen. They are launching fewer attacks but causing more damage, as seen in the $1.5 billion Bybit attack in February. North Korean hackers follow a distinct three-wave, forty-five-day laundering pattern, using Chinese-language services, moving assets across different blockchains, and heavily relying on crypto mixing services. Crypto companies face a new threat: malicious actors attempting to infiltrate their companies from within. As North Korea continues to use stolen cryptocurrency to fund its state priorities and bypass international sanctions, the industry must recognize that this threat actor operates differently from typical cybercriminals.
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