North Korea-Linked Hackers Stole $600 Million in Crypto Last Year, TRM Labs Report Finds

According to a report by TRM Labs, hackers affiliated with North Korea were responsible for a third of all crypto thefts and exploits in 2023, resulting in a total of $600 million in stolen funds. This brings North Korea's total earnings from crypto projects to nearly $3 billion over the past six years. However, this figure is about 30% lower than in 2022, with most of the stolen funds being taken in the last few months of 2023. The attacks continue to use social engineering to acquire private keys for projects, and the proceeds go towards the development of weapons of mass destruction, raising national security concerns.