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The encryption company warns a model in a report entitled “Removing mystery of the North Korean threat” that North Korea’s online attacks on the encoded currency industry grow in development, and the number of groups participating in such criminal activity increases.
Over the years, North Korea has been linked to a prominent way Electronic attacks On the exchange of cryptocurrency, with stolen money that is believed to be used to finance military and nuclear programs in the country.
The United Nations estimated that North Korea stole about 3 billion dollars of breakthroughs from encryption from 2017 to 2023. However, in 2024 and 2025 only alone, it has already looted $ 1.7 billion from two of the largest stock exchanges, Wazirx and Bybit.
Platformists use fake job offers to steal encryption, and put millions of users in risk
There are many factions of North Korean infiltrators, each specialist in different types of electronic attacks. The most famous is the Lazarus group, which has a history of targeting financial institutions and digital asset exchanges.
Other groups, such as ApplejeusDangerous password, rotation, use different ways (for example, hunting attacks, fake jobs shows, malware denies as an original program).
The most shocking attack occurred so far in February 2025, when Crypto Exchange bybit was hacked for $ 1.5 billion – the largest penetration of encrypted currencies so far. Although he was first considered a planning for hunting, an in -depth investigation revealed that the exploitation was based on a more advanced strategy.
The infiltrators, from the North Korea Public Office, have been subjected to a safe risk {wallet}, a digital portfolio system used by many bybit users, instead of launching a direct attack against the stock exchange. They have created back in the program, giving them Siphon money without noticing immediately.
This method was more advanced. Instead of targeting exchanges, targeting the infrastructure that supports the exchange of encryption.
Once they steal the cryptocurrency, the infiltrators are washed and escaped from detection using firm techniques. They first divide the looting into smaller quantities, and they pass through it through hundreds of digital portfolios, and eventually turned it into Bitcoin (BTC).
This tactic makes it difficult for salads to track money. According to the security company, the Lazarus Group tends to keep stolen funds for several months, even before spending, and increasing its chances of avoiding examination.
the Federal Bureau of Investigation Three alleged members of the Lazaros Group have identified and accused them of cyber devices. In February 2021, the US Department of Justice accused two of these members to participate in Global Cybercrends. However, despite these efforts, North Korean infiltrators and electronic criminals continued to adapt and find new ways to interfere in financial systems.
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