RATE Group | North Korean Hackers Have Stolen $571 Million in Cryptocurrency: Report
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North Korean Hackers Have Stolen $571 Million in Cryptocurrency: Report

19 Oct North Korean Hackers Have Stolen $571 Million in Cryptocurrency: Report

Posted at 23:53h in Cryptocurrency News by

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North Korea bitcoin cryptocurrency

Even though blockchain technology has all sorts of security applications, one thing is for sure: cryptocurrency exchanges are vulnerable to cybersecurity attacks, and hackers have exploited these flaws for massive gains. However, no hacker crew has been quite as successful as the infamous North Korean group of hackers, dubbed “Lazarus,” which is responsible for the theft of over half a billion dollars in cryptocurrency since 2017.

Group-IB Report

The information arrives courtesy of a new report by Group-IB, widely considered one of the leading cybersecurity companies in the world. The award-winning company was founded in 2003, and is known for successfully protecting the 2014 Sochi Olympics (with regards to its brand, ticket sales, etc), as well as blocking attempts to pirate media from some of the largest media companies in the world, such as Sony Pictures, Paramount Pictures, and Fox TV.

Group IB’s report, which was first profiled in The Next Web, also points out that…

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