- Over 5 years, criminals stole $ 721 million from Japanese crypto firms
- This is a third of all stolen funds
- Also, hackers often rob other neighbors and the United States
North Korean hackers are most successful in attacking Japanese crypto assets. Since 2017, they have stolen $721 million worth of coins from this country – reports Elliptic. This is 30% of the global figure for the same period.
It should be noted that the company Elliptic for the first time conducted an analysis by region. They use technology that tracks and identifies money transfers on the blockchain with geography.
According to analysts, over the past 5 years, North Korean hackers have stolen $2.3 billion worth of cryptocurrencies from users. In addition to Japan ($721 million), Vietnam ($540 million), the United States ($497 million) and Hong Kong ($281 million) appear on the list of victims. And the DPRK is building nuclear missiles on the stolen “crypt”.
Why Japan and Vietnam?
According to experts, the volume of crypto hacks is due to the fact that local operators provide weak security. And at the same time, the volumes and popularity of the blockchain industry are growing here.
Between 2018 and 2021, hackers hacked 3 crypto exchanges in Japan. One of them, the Zaif platform, lost 7 billion yen ($51.4 million). Because of this loss, the company had to close.
Local business representatives say that Japan needs to strengthen coordination with other countries in order to intercept thefts in time. Just like Ukraine does, for example, the Ministry of Digital Development recently began to cooperate with the United States and other countries to block Russian crypto wallets.