Cyber attackers linked to North Korea led last year’s record crypto heist, stealing $3.8 billion, a U.S.-based blockchain analytics firm, Chainalysis, said in a report.
Chainalysis found that October was the biggest single month ever for cryptocurrency hacking, with $775.7 million stolen in 32 separate attacks.
The firm also found that North Korea-linked hackers such as those in the cybercriminal syndicate Lazarus Group have been by far the most prolific cryptocurrency hackers, stealing an estimated $1.7 billion worth in multiple attacks last year.
North Korea has denied allegations of hacking or other cyberattacks.
Targets in "decentralized finance" or DeFi, a thriving segment in the cryptocurrency sector, accounted for more than 82% of the cryptocurrency stolen in 2022, the report said.