North Korean hackers stole $1.7 billion worth of cryptocurrency in 2022

Hacker groups pose a great threat not only to the banking sector, but also to holders of digital currencies.

In 2022, cybercriminals stole a total of $3.4 billion in cryptocurrencies, blockchain company PeckShield found out.

A study by another Chainalysis team found that North Korean hackers stole $1.7 billion in virtual assets last year.

DeFi protocols have been the hardest hit. 82% of funds were stolen from the decentralized finance market.

The hackers were most active in March and October, during these months they stole $732.4 million and $775.7 million, respectively. Compared to 2021, the amount of funds stolen by Korean cyber groups increased by 73.3%.

Decentralized exchanges (DEX) are especially popular with them. Criminals send the stolen digital currency to the wallets of mixers such as Tornado Cash.

The most famous group of Korean hackers, Lazarus, stole the lion’s share of the funds from $1.7 billion. Criminals withdrew about $1.1 billion from DeFi protocols, Chainalysis emphasized.

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