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North Korea behind two-thirds of global crypto stolen in H1: report
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North Korea behind two-thirds of global crypto stolen in H1: report

A report by blockchain analysis firm TRM Labs reveals that North Korea-linked hacking groups were responsible for approximately two-thirds ($643 million) of global cryptocurrency stolen in the first half of 2024, accounting for 66.2% of total crypto hack losses ($972 million). This represents a significant decrease from $1.7 billion in the same period last year. The report attributes much of the loss to two major decentralized finance attacks in April: a $285 million breach of Drift and a $292 million hack targeting KelpDAO. While the drop in stolen funds is noted, TRM Labs argues it does not indicate a weakening of North Korea’s cyber capabilities, citing fewer large-scale hacks compared to previous years. The findings highlight ongoing efforts by South Korea, the U.S., and Japan to coordinate against North Korean cyber activities, including a recent trilateral working group meeting. The U.S. State Department has acknowledged North Korea’s increasing reliance on cybercrime to circumvent sanctions and fund its weapons programs, though Pyongyang denies involvement in illicit cyber activity.

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North Korea behind two-thirds of global crypto stolen in H1: report

A report by blockchain analysis firm TRM Labs reveals that North Korea-linked hacking groups were responsible for approximately two-thirds ($643 million) of global cryptocurrency stolen in the first half of 2024, accounting for 66.2% of total crypto hack losses ($972 million). This represents a significant decrease from $1.7 billion in the same period last year. The report attributes much of the loss to two major decentralized finance attacks in April: a $285 million breach of Drift and a $292 million hack targeting KelpDAO. While the drop in stolen funds is noted, TRM Labs argues it does not indicate a weakening of North Korea’s cyber capabilities, citing fewer large-scale hacks compared to previous years. The findings highlight ongoing efforts by South Korea, the U.S., and Japan to coordinate against North Korean cyber activities, including a recent trilateral working group meeting. The U.S. State Department has acknowledged North Korea’s increasing reliance on cybercrime to circumvent sanctions and fund its weapons programs, though Pyongyang denies involvement in illicit cyber activity.

Lectura del sesgo (Centro): The article presents factual data from TRM Labs without overtly endorsing or criticizing North Korea’s actions. It provides balanced context by acknowledging both the reduction in stolen funds and the continued strategic importance of cybercrime to North Korea. The tone remains neutral, focusing on

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