North Korea's state-sponsored hackers have stolen $3 billion in cryptocurrency since 2017, exceeding the country's exports by nearly 10 times
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North Korean hackers have stolen around $3 billion in cryptocurrency since 2017, with over half stolen in 2022 alone. This equals half of North Korea's annual military budget.
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The stolen crypto exceeds North Korea's 2021 export income by almost 10 times. Their 2021 exports totaled $182 million.
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North Korean hackers initially targeted South Korea's crypto market before expanding globally.
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North Korea's government backing allows the threat actors to scale cyber operations beyond what typical cybercriminals can achieve.
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A UN report stated that 2022 cyber attacks were more sophisticated than prior years, making tracing stolen funds more difficult than ever.