April’s Crypto Carnage: North Korea Hit Twice And Snagged 76% Of 2026 Hack Value
A new crypto crime report by TRM Labs paints a stark picture of how North Korean hacking groups have been operating in 2026 so far. Through April, they were responsible for 76% of all losses tied to crypto hacks, but the report emphasizes that this outcome wasn’t driven by a steady stream of attacks. Instead, the massive share of stolen value comes down to just two incidents whose combined haul—about $577 million—far outweighed everything else that year. Two Crypto Hacks, Nearly $600M Stolen The first breach highlighted by TRM Labs took place on April 1: the Drift Protocol hack. The....
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A panel of experts at the United Nations says that North Korea has amassed $316 million in cryptocurrencies from various cyberattacks on crypto exchanges and financial institutions. The panel also investigated North Korea’s involvement in the $281 million hack of a crypto exchange. UN Expert Panel Sheds Light on North Korea’s Cyberattack Activities A United Nations panel of experts has submitted a draft report reviewing the measures on North Korea to the Security Council’s North Korea Sanctions Committee. Nikkei says it has obtained a copy of the document, noting that it....
But the threats by North Korea extend to the cyberspace department as well. South Korean officials claim the North has “an effective cyber army”, which has been responsible for various attacks over the past few years. The war between North Korea and South Korea is still going on behind the scenes to this very day. A new report surfaced as to how North Korean hackers stole data of over 10 million South Korean shoppers. While these claims have yet to be proven, the police are investigating the data breach. Once again, this is a clear example of how more secure solutions are needed to....
North Korea has always hogged the headlines – not only for its “habitual” firing of ballistic missiles (which irks Uncle Sam and his allies) – but also for its passion for (allegedly) stealing other countries’ crypto. On Thursday, (Feb. 10), North Korea accused the US of stealing funds and committing underhanded cybercrime just days after […]
The latest report on the Axie Infinity/ Ronin bridge hack is too good to be true. Especially considering the FBI claims a North Korea-sponsored hacking group is responsible for it. “A senior engineer at Axie Infinity was duped into applying for a job at a company that, in reality, did not exist,” The Block reports. That’s not all, apparently, the hackers’ spyware got into the system through a simple .pdf file. Unbelievable that a $622M hack started that way. The Ronin Network is an Ethereum sidechain that exclusively serves Axie Infinity. Both a billion-dollar business and a fun app with....
Regarding cryptocurrency cybercrimes and attacks, North Korea is a notable region with increased activities. Many groups are posing high threats through their attack on some crypto protocols. Also, a report in June disclosed that North Korea has 7 million active hackers. Many stolen funds running into millions of dollars have been traced back to the North Korean attacks. Also, most stolen funds are allegedly used for sponsoring different war weapons, suicide bombings, and other crimes. North Korea is notably struggling with some economic sanctions that have drastically limited most....