CHART: North Korea stole $2.8B in crypto hacks since 2024, report
A recent report from the Multilateral Sanctions Monitoring Team (MSMT), a group formed by several United Nations member states, has claimed in a recent report that the Democratic People’s Republic of Korea (DPRK) has stolen at least $2.8 billion in cryptocurrency hacks since the beginning of 2024. The report claims that crypto heists have “accounted for approximately one-third of the DPRK’s total foreign currency revenue in 2024.” MSMT was aided in its Analysis by Chainalysis and Mandiant, and this total for the heists includes those that MSMT thought it could attribute to North Korea “ with a high degree of certainty .” Read more: Crypto has become Kim Jong-Un’s lifeline — and Russia’s secret weapon The largest of these hacks was the February 2025 compromise of Bybit, a crypto exchange that saw approximately $1.46 billion stolen from its coffers. Many other large heists were also crypto exchanges, including DMM Bitco...