TRM Labs estimates North Korean hackers have stolen over $2 billion of cryptocurrency since 2018.
, with North Korean hackers collectively stealing around $800 million in three separate attacks in 2022 alone.
TRM Labs notes that North Korean hackers have become more industrious with on-chain laundering methods. In the past, cryptocurrency exchanges had been used to cash out stolen cryptocurrency, but this has evolved into highly complex “multi-stage money laundering processes.” Data visualization of the Atomic Wallet hack carried out by North Korean hackers in June 2023. Source: TRM Labs
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