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North Korea Revenue Base Heavily Dependent on Cryptocurrency Hacks: UN Report

According to a recent Reuters report citing a confidential United Nations’ (UN) document, North Korea realizes a substantial amount of its revenue from state-sponsored hackings. These hackers continue to target financial institutions and cryptocurrency platforms like exchanges and have carted away jaw-dropping amounts over the years. The UN document also showed that the sanctioned Asian […]

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Chainalysis Reveals Boom in North Korea-Affiliated Hacks in 2021

A new report from crypto analytics platform Chainalysis revealed that North Korean hackers (cybercriminals) have stolen Bitcoin and Ethereum worth about $400 million but had millions of these stolen funds unlaundered. Chainalysis reported on January 13 that the funds stolen by these cybercriminals can be traced to attacks on a minimum of seven crypto exchanges. […]

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Bitmart Suffers $200 Million Theft as Hackers Exploit Security Vulnerabilities on the Platform

Giant crypto exchange Bitmart became the latest crypto platform to suffer a hack after hackers exploited some security vulnerabilities on the network and carted away millions of dollars worth of coins. The exchange reportedly lost over $200 million in the hack, which targeted hot wallets. Peckshield, blockchain security, and auditing company were the first to […]

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