• Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
MUST READ

Kai West, aka IntelBroker, indicted for cyberattacks causing $25M in damages

 | 

Cisco fixed critical ISE flaws allowing Root-level remote code execution

 | 

U.S. CISA adds AMI MegaRAC SPx, D-Link DIR-859 routers, and Fortinet FortiOS flaws to its Known Exploited Vulnerabilities catalog

 | 

CitrixBleed 2: The nightmare that echoes the 'CitrixBleed' flaw in Citrix NetScaler devices

 | 

Hackers deploy fake SonicWall VPN App to steal corporate credentials

 | 

Mainline Health Systems data breach impacted over 100,000 individuals

 | 

Disrupting the operations of cryptocurrency mining botnets

 | 

Prometei botnet activity has surged since March 2025

 | 

The U.S. House banned WhatsApp on government devices due to security concerns

 | 

Russia-linked APT28 use Signal chats to target Ukraine official with malware

 | 

China-linked APT Salt Typhoon targets Canadian Telecom companies

 | 

U.S. warns of incoming cyber threats following Iran airstrikes

 | 

McLaren Health Care data breach impacted over 743,000 people

 | 

American steel giant Nucor confirms data breach in May attack

 | 

The financial impact of Marks & Spencer and Co-op cyberattacks could reach £440M

 | 

Iran-Linked Threat Actors Cyber Fattah Leak Visitors and Athletes' Data from Saudi Games

 | 

SECURITY AFFAIRS MALWARE NEWSLETTER ROUND 50

 | 

Security Affairs newsletter Round 529 by Pierluigi Paganini – INTERNATIONAL EDITION

 | 

Iran confirmed it shut down internet to protect the country against cyberattacks

 | 

Godfather Android trojan uses virtualization to hijack banking and crypto apps

 | 
  • Home
  • Cyber Crime
  • Cyber warfare
  • APT
  • Data Breach
  • Deep Web
  • Digital ID
  • Hacking
  • Hacktivism
  • Intelligence
  • Internet of Things
  • Laws and regulations
  • Malware
  • Mobile
  • Reports
  • Security
  • Social Networks
  • Terrorism
  • ICS-SCADA
  • POLICIES
  • Contact me
  • Home
  • Breaking News
  • Cyber warfare
  • Hacking
  • Intelligence
  • North Korea-linked hackers stole $626 million in virtual assets in 2022

North Korea-linked hackers stole $626 million in virtual assets in 2022

Pierluigi Paganini December 22, 2022

North Korea-linked threat actors have stolen an estimated $1.2 billion worth of cryptocurrency and other virtual assets in the past five years.

South Korea’s spy agency, the National Intelligence Service, estimated that North Korea-linked threat actors have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the past five years.

According to the spy agency, more than half the crypto assets (about 800 billion won ($626 million)) have been stolen this year alone, reported the Associated Press.

The Government of Pyongyang focuses on crypto hacking to fund its military program following harsh U.N. sanctions.

“South Korea’s main spy agency, the National Intelligence Service, said North Korea’s capacity to steal digital assets is considered among the best in the world because of the country’s focus on cybercrimes since U.N. economic sanctions were toughened in 2017 in response to its nuclear and missile tests.” reported the AP agency.

North Korea cannot export its products due to the U.N. sanctions imposed in 2016 and 1017, and the impact on its economy is dramatic.

The NIS added that more than 100 billion won ($78 million) of the total stolen funds came from South Korea.

Cyber security and intelligence experts believe that attacks aimed at the cryptocurrency industry will continue to increase next year. National Intelligence Service experts believe that North Korea-linked APT groups will focus on the theft of South Korean technologies and confidential information on South Korean foreign policy and national security.

Data published by the National Intelligence Service agency confirms a report published by South Korean media outlet Chosun early this year that revealed North Korean threat actors have stolen around $1.7 billion (2 trillion won) worth of cryptocurrency from multiple exchanges during the past five years.

According to local media, US federal prosecutors believe that North Korea’s government considers cryptocurrency a long-term investment and it is amassing crypto funds through illegal activities.

In a classified report cited by Chosun, the US National Intelligence Service (DNI) found that North Korea was financing its ‘priority policies’, such as nuclear and missile development, through cybercrime. Government experts noticed that nation-state actors are not immediately cashing out all the stolen crypto to create a crypto fund reserve.

“Citing the U.S. Cybersecurity and Infrastructure Security Agency (CISA), the media reported that all banks in the world are being targeted by North Korea’s cyberattacks. It also reported that North Korea is committing cybercriminals such as stealing defense secrets from major powers, using ransomware to steal funds, hijacking cryptocurrencies, and “laundering” criminal proceeds into cryptocurrencies.” reads a post published by Chosun.

“Then, citing the results of investigations by the United States and the UN Security Council, it was estimated that the Kim Jong-un regime’s fraudulent profits from cyber crimes have already reached $2.3 billion (about 2.7 trillion won).”

The report states that North Korea-linked attacks employed the AppleJeus malware to steal cryptocurrency. According to Bloomberg, multiple versions of Apple Zeus have been used in attacks against entities in 30 countries since 2018, and according to a UN and US investigation, between 2019 and November 2020, North Korean hackers stole $316.4 million in cryptocurrency through this program. 380 billion.

According to Chosun, North Korea’s dependence on cybercrime will increase due to international sanctions that limit the amount of money that North Korea can earn from coal exports to $400 million (about 480 billion won) per year.

Follow me on Twitter: @securityaffairs and Facebook and Mastodon

[adrotate banner=”9″][adrotate banner=”12″]

Pierluigi Paganini

(SecurityAffairs – hacking, cryptocurrency)

[adrotate banner=”5″]

[adrotate banner=”13″]


facebook linkedin twitter

Hacking hacking news information security news IT Information Security North Korea Pierluigi Paganini Security Affairs Security News

you might also like

Pierluigi Paganini June 26, 2025
Kai West, aka IntelBroker, indicted for cyberattacks causing $25M in damages
Read more
Pierluigi Paganini June 26, 2025
Cisco fixed critical ISE flaws allowing Root-level remote code execution
Read more

leave a comment

newsletter

Subscribe to my email list and stay
up-to-date!

    recent articles

    Kai West, aka IntelBroker, indicted for cyberattacks causing $25M in damages

    Cyber Crime / June 26, 2025

    Cisco fixed critical ISE flaws allowing Root-level remote code execution

    Security / June 26, 2025

    U.S. CISA adds AMI MegaRAC SPx, D-Link DIR-859 routers, and Fortinet FortiOS flaws to its Known Exploited Vulnerabilities catalog

    Security / June 26, 2025

    CitrixBleed 2: The nightmare that echoes the 'CitrixBleed' flaw in Citrix NetScaler devices

    Hacking / June 26, 2025

    Hackers deploy fake SonicWall VPN App to steal corporate credentials

    Hacking / June 25, 2025

    To contact me write an email to:

    Pierluigi Paganini :
    pierluigi.paganini@securityaffairs.co

    LEARN MORE

    QUICK LINKS

    • Home
    • Cyber Crime
    • Cyber warfare
    • APT
    • Data Breach
    • Deep Web
    • Digital ID
    • Hacking
    • Hacktivism
    • Intelligence
    • Internet of Things
    • Laws and regulations
    • Malware
    • Mobile
    • Reports
    • Security
    • Social Networks
    • Terrorism
    • ICS-SCADA
    • POLICIES
    • Contact me

    Copyright@securityaffairs 2024

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities...
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT