Surge in North Korean hacking led to losses of $1.7bn, says Chainalysis report
A sign for a Bitcoin ATM is see at a service station in Washington, DC on Jan 19. (Photo: Reuters)
Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the isolated country.
Overall crypto losses increased from $3.3 billion stolen in 2021, the blockchain analysis firm Chainalysis said in a report published on Wednesday.
Hacking groups that US officials have linked to the North Korean government stole an estimated $1.7 billion in 2022, up from roughly $400 million the year before, according to the firm.
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