North Korean hackers stole $721 million in cryptocurrency from Japan

Hacker groups connected to North Korea have illicitly obtained cryptocurrency assets valued at $721 million from Japan since 2017, as per a study conducted by Elliptic, a U.K. blockchain analysis provider, as reported by the Nikkei business daily on Monday.

This amount represents approximately 30% of the overall global losses resulting from such incidents, according to Nikkei’s report.

The release of this report follows a statement made by the Group of Seven finance ministers and central bank governors on Saturday, expressing their endorsement for measures aimed at countering the escalating risks posed by unlawful activities carried out by state actors, including the theft of crypto-assets.

As outlined by Elliptic, who conducted the analysis on behalf of the Japanese newspaper, North Korea has successfully pilfered a total of $2.3 billion worth of cryptocurrency from businesses spanning the period between 2017 and 2022.

The post North Korean hackers stole $721 million in cryptocurrency from Japan appeared first on Economy.pk.