The Japanese newspaper 'Nikkei' reported on Monday, citing a report from a British cryptocurrency market analysis firm called 'Elliptic', that hacker groups linked to North Korea have stolen '$721 million' in cryptocurrency assets from Japan since 2017. According to Reuters, this amount represents '30 percent' of total such losses globally. The report states that North Korea has stolen a total of '$2.3 billion' in cryptocurrency from 2017 to 2022. This report was released after the finance ministers and central bank governors of the G7 issued a statement on Saturday announcing their support for actions to counter the increasing threats posed by illegal activities of state actors, such as the theft of cryptocurrency assets.
North Korean Hackers Steal $721 Million in Cryptocurrency from Japan
North Korean hackers have stolen $721 million in cryptocurrency from Japan since 2017, accounting for 30% of global losses. This information comes from a report by Elliptic and follows a G7 statement on countering illegal activities by state actors. The theft highlights ongoing cybersecurity threats and the geopolitical implications of North Korea's actions.
👥 Key Players
📰 What Happened
North Korean hackers have reportedly stolen $721 million in cryptocurrency from Japan since 2017, which constitutes 30% of global losses in this sector. This information was revealed in a report by Elliptic, coinciding with a G7 statement addressing state-sponsored cybercrime.
- North Korea has stolen a total of $2.3 billion in cryptocurrency from 2017 to 2022.
- The G7 is taking a unified stance against illegal activities by state actors.
💡 Why It Matters
📚 Background
Cryptocurrency has become a target for cybercriminals due to its decentralized nature and high value, making it attractive for state-sponsored theft. North Korea's involvement in cybercrime is part of its broader strategy to circumvent international sanctions.
🏷️ Entities Mentioned
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