North Korea Steals $721 Million Worth of Cryptocurrency Assets From Japan

North Korea steals $721 million worth of cryptocurrency assets from Japan since 2017. North Korea has stolen a total of $2.3 billion in cryptocurrency from businesses between 2017 and 2022.

According to a study by UK blockchain analysis provider Elliptic, hacker groups affiliated with North Korea have stolen $721 million worth of cryptocurrency assets from Japan since 2017. This amount is equal to 30% of the total of such losses globally. North Korea has stolen a total of $2.3 billion in cryptocurrency from businesses between 2017 and 2022.


The report comes after Group of Seven finance ministers and central bank governors said in a statement on Saturday that they support measures to counter growing threats from illicit activities by state actors, such as the theft of crypto-assets.


It is worth noting that North Korea has been accused of stealing cryptocurrency assets before. In 2022, North Korea-backed hackers stole $1.7 billion worth of cryptocurrency, according to blockchain analysis firm Chainalysis. North Korean cyber-attacks have stolen millions of dollars worth of cryptocurrency to fund the country’s missile programs. Between 2020 and mid-2021 cyber-attackers stole more than $50m (£37m) of digital assets.

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