1. US rules out bailout for Silicon Valley Bank, auctions reportedly underway 2. Apple CEO Tim Cook backs AR/VR headset, likely to launch this year 3. Infosys’ Mohit Joshi joins Tech Mahindra as MD and CEO

400 million dollars in cryptocurrency stolen by North Korean hackers

Spread the love

North Korean hackers filched off around $400 million in cryptocurrencies through cyber-attacks in the year 2021, according to the reports of Blockchain analysis firm Chainalysis.

The attack was plotted by North Korean hackers dubbed as ‘Lazarus Group’ which was further led by Democratic People’s Republic of Korea’s (DPRK), the primary intelligence agency.

Moreover, the report says that, DPRK largely targets “Investment firms and centralized exchanges, and make use of phishing lures, code exploits, malware, and advanced social engineering” to maliciously procure the funds.

Widely known hacks from the Lazarus Group include KuCoin and other unspecified Cryptocurrency exchanges.

In parallel to this, North Korea has repeatedly denied being involved in hacking attacks. “From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven, and the value extracted from these hacks grew by 40%” stated by Chainalysis.

Claim Free Bets
    NISHA HIRANI

    NISHA HIRANI

    All Posts

    Related Post

    View All

    ISRO test fires engine for India’s human space...

    January 21st, 2022 | THE FREE MEDIA

    Spread the loveThe Indian Space Research Organisation (ISRO) successfully fired the high thrust Vikas engine that would po...

    Is it true! Apple likely to launch its own search en...

    June 4th, 2022 | NISHA HIRANI

    Spread the loveNagpur: Apple and Google are the two dominant forces that currently rule the global market. The Cupertino-b...

    The Future of No-Code!

    May 24th, 2022 | NISHA HIRANI

    Spread the loveAre we making headway toward low & no code app development? Low code or no code software can flip the s...