May 6, 2025 12:32 am
Full News

North Korean Hackers Steal $1.3 Billion in Cryptocurrency in 2024

North Korean hackers have reportedly stolen $1.3 billion in cryptocurrency this year, accounting for more than half of the $2.2 billion (£1.76 billion) total global crypto theft, according to a study by Chainalysis. This marks more than double the amount stolen by North Korea-linked groups in 2023.

The report suggests that some of these thefts were carried out by hackers posing as remote IT professionals to infiltrate cryptocurrency and tech companies. The findings highlight the increasing sophistication of cyber threats in the crypto industry.

Rising Crypto Theft in 2024

While the overall amount of cryptocurrency stolen in 2024 increased by 21% compared to last year, it remains below the levels seen in 2021 and 2022. The report attributes much of the theft to compromised private keys, which are essential for controlling access to user assets on crypto platforms.

“Centralized exchanges handle significant amounts of user funds, making private key compromises particularly devastating,” the study noted.

Major Incidents

Among the major breaches this year were the theft of $300 million in bitcoin from Japanese exchange DMM Bitcoin and a loss of $235 million from Indian crypto platform WazirX.

North Korea’s Role in Cybercrime

The U.S. government has accused the North Korean regime of using cryptocurrency theft and cybercrime to evade international sanctions and fund its weapons programs. Last week, a federal court in St. Louis indicted 14 North Koreans for their alleged involvement in a long-running scheme to extort funds from U.S. companies and channel the money to Pyongyang.

In response, the U.S. State Department announced a reward of up to $5 million for information related to the alleged conspiracy.

Industry Challenges

The surge in crypto theft in 2024 underscores the urgent need for stronger security measures within the industry. As the value of bitcoin and other cryptocurrencies continues to rise, the sector faces an increasingly complex and evolving threat landscape.

“The industry must prioritize robust security frameworks to mitigate risks and protect users from these growing threats,” the report concluded.

Related News
“Drill, Baby, Drill”: Trump Withdraws US from Paris Climate Agreement
French Woman Scammed Out of €830,000 by Brad Pitt Impersonators
What Will Happen in the Middle East if Russia and the US End Hostility?
Bangladesh Orders Commission to Investigate 2009 Paramilitary Mutiny
Iran Reports Two Soldiers Killed in Israeli Strikes on Military Bases
Nearly 1,900 Arrested in Anti-Government Protests in Turkey
Related Posts
Russia-Ukraine Ceasefire Possible “At Any Moment
Pakistan Accuses India of Violating Indus Waters Treaty, Prepares Formal Notice
India Suspends Indus Water Treaty Amid Rising Tensions with Pakistan
Myanmar Junta May Weaponize Nuclear Power Plant, Warns UN Envoy
India-Pakistan Tensions Escalate Following Pahalgam Attack
Trump Announces 100% Tariff on All Foreign Films
More News

SpaceX Plans Mars Mission with Tesla Robot Optimus, Human Landings by 2029

SpaceX founder Elon Musk announced on March 15 that the company’s colossal Starship rocket is set to embark on a mission to Mars by the end of 2026, carrying Tesla’s humanoid robot, Optimus. Musk added that human landings on the Red Planet could follow as early as 2029, though 2031 seems more likely. The announcement […]

Arab and EU diplomats meet in Riyadh to find ways to help Syria

Top diplomats from the Middle East and Europe will meet in Saudi Arabia on Sunday to discuss how to restore stability in Syria after the fall of Bashar al-Assad. There will be two sessions today. The first session will be attended by officials from Arab countries. The second session will be wider. Representatives of Turkey, […]

Trump Urges Moscow to Act as Special Envoy Meets Putin for Ukraine Talks

U.S. President Donald Trump’s special envoy, Steve Witkoff, met with Russian President Vladimir Putin Trump Urges Moscow to Act as Special Envoy Meets Putin for Ukraine Talksn in St. Petersburg on Friday to discuss efforts to end Russia’s war in Ukraine. The meeting, which lasted over four and a half hours, remains shrouded in secrecy, […]

“From Razakars to Reformers: The Shadow of War Crimes in Bangladesh’s 2024 Interim Government”

In 2001, during the swearing-in of Begum Khaleda Zia’s cabinet, there was no prior knowledge of who would be appointed ministers. When the leaders of the Communist Party of Bangladesh (CPB) attended the ceremony, they saw several razakars—individuals who collaborated with Pakistan during the Liberation War—being sworn in as ministers. Outraged, the CPB leaders left […]

Hindus in Trump’s cabinet, Is it indian ample geo-policy conjugating?

Donald Trump taps three vocal Hindu lawmakers for key cabinet roles. “With Indian-origin figures like Kash Patel, Tulsi Gabbard and Vivek Ramaswamy, Donald Trump’s incoming cabinet is seen as a major win for India.” Donald Trump’s incoming cabinet is being hailed as a major win for India, and here’s why: his 2.0 cabinet features several […]

Tensions with Pakistan: Modi Cancels Visit to Russia

Indian Prime Minister Narendra Modi will not attend Russia’s Victory Day Parade on May 9 amid escalating tensions with Pakistan. Russian President Vladimir Putin had invited leaders from several allied nations, including Modi, to mark the 80th anniversary of the Soviet Union’s victory over Nazi Germany in World War II. According to a statement from […]

Astronomers Detect Possible Signs of Life on Exoplanet K2-18b

Astronomers, led by Cambridge University, have uncovered intriguing evidence suggesting potential biological activity on the distant exoplanet K2-18b. Located 124 light years away in the constellation of Leo, K2-18b is 8.6 times as massive and 2.6 times as large as Earth, orbiting within the habitable zone of a red dwarf star.Using data from NASA’s James […]

Trump Vows to Send Back Students Who Protested for Palestinians

Last year, there were protests in different countries of the world, including the United States, against the Israeli occupation of Gaza in Palestine. From students to ordinary people, more or less everyone participated in the movement against the Israeli attack on Gaza. There were especially large protests in US universities and colleges. According to Qatar-based […]

How dangerous are the Afghan returnee militants ?

Nomad Dragonfly Bangladesh has been talking about Islamist militancy and extremism or an armed struggle to establish a Shariah-based state since early 1999. Members of the Bangladesh branch of the Pakistani militant outfit Harkatul Jihad al-Islami or HuJI attacked poet Shamsur Rahman with an intention of killing him on January 18 in that year. After […]

World Bank Slashes Bangladesh’s GDP Growth Forecast to 3.3% Amid Political Turmoil and Economic Strain 

The World Bank has sharply downgraded Bangladesh’s GDP growth projection for the fiscal year 2024–25 to 3.3%, marking the country’s lowest growth rate since the COVID-19 pandemic. This revision reflects escalating political instability and mounting financial pressures that have dampened investment and economic activity. This updated forecast, released on April 23 in the World Bank’s […]