North Korea has stolen billions in cryptocurrency, but the ability to counterattack is increasing: Chainalysis

Since January 2024, North Korea has been involved in sophisticated cyber activities, stealing 2.84 billion USD in cryptocurrency. Western law enforcement is enhancing efforts to track these activities, and significant recovery is being seen from attacks like the Bybit hack.

The employment of North Korean IT workers in various countries contradicts UN sanctions. These stolen funds often finance North Korea’s weapons programs, emphasizing the importance of international collaboration in cybersecurity to combat these threats.