Korean attacks of cyberbarrat on the cryptocurrency industry are growing in sophistication and in the number of groups involved in such criminal activities, the paradigm of a cryptographic company warns In a report entitled “Demistifing the threat of North Korea”.
The report says that Cyberrataki from North Korea includes assaulting and attempts at social engineering for phishing attacks and elaborate supply chain. In some cases, attacks last a year, and agents from North Korea collect their time.
https://www.youtube.com/watch?v=ndv0rfeetq
United Nations Organization estimates That in the years 2017–2023 Hackers from North Korea earned a country of $ 3 billion. The total draft increased in 2024, and this year, with successful attacks on the exchange of cryptocurrencies Wazirx and Bybit, which together reached the attackers about $ 1.7 billion.
Paradigm writes that organizations from North Korea organizing these attacks are at least five: Lazarus Group, Spinout, Applejeus, a risky slogan and traitor. There is also a coalition of North Korea employees who pose as IT employees, infiltrate technology companies around the world.
Related: Typosquating in crypto, he explained: How hackers operate diminutive mistakes
Deafening attacks and predictable washing methods
The Lazarus Group, the most famed hacking team from North Korea, has been considered some of the most clamorous cyber attacks since 2016. According to the paradigm, the group hacked Sony and Bank of Bangladesh in 2016 and helped organize a ransomware attack of WannaCry 2.0 in 2017.
Only in the cryptocurrency industry, sometimes with great results. In 2017, the group hit two cryptocurrency exchanges – Youbit and Bithumb. In 2022, the Lazarus group used the Ronin Bridge, which caused hundreds of millions of lost assets. And in 2025 he stole $ 1.5 billion from Bybit, sending a shock throughout the cryptographic community. The group can be behind some Solana Memecoin fraud.
As the chain and other organizations explained, the Lazarus Group also has predictable money laundering methods after securing. He breaks the stolen amount into smaller pieces, sending them to countless other wallets. Then he turns more unleasy coins for people with higher liquidity and transforms them most into Bitcoin (Btc). Then the group can sit on stolen money for a long time until the attention of law enforcement agencies does not die.
Until now, the FBI has identified three alleged members of the Lazarus group, accusing them of cybercrime. In February 2021, the US Department of Justice accused two members of involvement in global cyber criminals.
Warehouse: Lazarus’ favorite exploit was revealed – analysis of cryptographic hacks
