North Korean hackers attack Japan, leaving $721 million short

According to a study conducted by analytics provider blockchain from UK, elliptical, hacker groups associated with North Korea have managed to steal a staggering $721 million worth of cryptocurrency assets from Japan since 2017.

the business newspaper Nikkei released this information on Monday, the 15th, highlighting that this value represents approximately 30% of the total losses recorded globally.

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A elliptical It further revealed that North Korea stole a total of $2.3 billion worth of cryptocurrencies from companies between 2017 and 2022. The report was released after G7 finance ministers and central bank governors express support for measures to combat illicit activities by state agents, such as the theft of crypto assets.

In April, the US Treasury Department issued an advisory noting that cybercriminals in North Korea were involved in illicit activities, such as spreading ransomware

, theft and scams, and were using decentralized financial services (DeFi) to transfer and launder money.

Hacker attacks in Japan left damage

This practice represents a growing concern as criminals are exploiting opportunities offered by cryptocurrency technology and decentralized platforms to facilitate your financial activities illegal. The Treasury Department alert highlights the need to monitor and combat these activities, aiming at the security and integrity of the global financial system.

According to a new risk assessment conducted by the US Department of the Treasury, criminals are exploiting vulnerabilities in DeFi platforms, which enable decentralized financial services using cryptoassets and stablecoins, for money laundering and financing of terrorism.

These platforms allow financial resources to circulate without the need for bank intermediaries, making it more difficult to track and regulate transactions. The assessment highlights the need for stronger measures to protect the global financial system against these threats.

As highlighted in the survey, DeFi services that do not adhere to anti-money laundering and terrorist financing rules represent the greatest financial risk in this sector.

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