Chainalysis introduced on Aug. 16 that hacking-based cryptocurrency theft amounted to US$1.9 billion for the primary seven months of this yr, up 58 p.c from a yr in the past, and the variety of DeFi-related instances specifically elevated rather a lot.
“Circumstances associated to DeFi protocols and North Korea-related hacker teams, resembling Lazarus, are estimated at US$1 billion” it mentioned.
The U.S. authorities additionally lately identified that North Korea is hacking cryptocurrencies extra regularly than earlier than by profiting from safety vulnerabilities. Based on it, most of these stolen cryptocurrencies are utilized in nuclear missile growth.
