North Korean Hacker Groups Swipe $721 Million in Cryptocurrency from Japan, Accounting for 30% of Global Losses

Study reveals staggering thefts totaling $2.3 billion by North Korea from businesses over five-year period. G7 expresses concern over rising threat of state actors in digital asset theft.

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Hacker groups linked to North Korea have stolen $721 million worth of cryptocurrency assets from Japan since 2017, Nikkei business daily reported Monday, citing a study by British blockchain analytics provider Elliptic.

The amount corresponds to 30% of these losses globally, the Nikkei reported.

According to Elliptic, which conducted the analysis for the Japanese newspaper, North Korea has stolen a total of $2.3 billion in cryptocurrencies from businesses between 2017 and 2022.

The report comes in the wake of G7 finance ministers and central bankers saying they support measures to address the growing threats from illegal activities by state actors, such as the theft of digital assets.

According to Elliptic, which conducted the analysis for the Japanese newspaper, North Korea has stolen a total of $2.3 billion in cryptocurrency from businesses between 2017 and 2022, according to Elliptic.

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