Crypto Chaos: North Korean Heists Make Off with $659M in 2024!
North Korean blockchain bandits are back at it, swiping over $659 million in crypto in 2024, with BitcoinDMM and WazirX bearing the brunt. Their sneaky schemes include impersonating recruiters and exploiting session cookies. The US, Japan, and South Korea are on high alert, calling for collaboration to counter these digital heists.
Hot Take:
North Korea seems to have cracked the code on how to turn cryptocurrency exchanges into their personal piggy banks. Who knew the secret to national funding was hiding in plain sight: just dress up as recruiters, sprinkle in a little social engineering, and voila! A heist that would make even Hollywood jealous.
Key Points:
- North Korean hackers stole over $659 million in cryptocurrency in 2024 alone.
- The largest heist hit the BitcoinDMM crypto exchange for $308 million.
- Hackers used social engineering and malicious scripts to gain access to company systems.
- WazirX exchange lost $235 million, with the attack exploiting transaction authorization processes.
- These cyber operations are believed to fund North Korea’s weapons programs.
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