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North Korea stole $721m worth of cryptocurrency from Japan: Report

MM News Staff by MM News Staff
May 25, 2023
Reading Time: 1 min read
(Photo online)

(Photo online)

TOKYO: A North Korean group has been involved in the hacking of millions of cryptocurrencies in Japan.

A Japanese newspaper ‘Nikkei’ stated in a report that since 2017, hackers affiliated with North Korea have stolen 721 million worth of crypto assets from Japan.

Earlier, the United Nations released a report stating that North Korean hackers stole the most cryptocurrency assets in 2022 than any other country.

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Read more: Cryptoverse: Busy bitcoin births new breed of crypto

According to the report, last year was the worst year for cyber attacks, with North Korean hackers stealing around $630 million worth of digital assets last year.

According to the UN report, the cyber attacks were so successful that tracing stolen funds became more difficult than ever, with North Korean hackers using sophisticated cyber methods to gain access to crypto assets.

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