North Korean hackers have stolen $721 million from Japan since 2017, accounting for 30% of the crypto thefts worldwide. According to a study by a U.K.-based compliance specialist, North Korea employs hacking and ransomware to steal crypto assets, especially in Japan, Vietnam and Hong Kong, the leading Asian crypto hubs.
North Korean Hackers Eye On Japan’s Crypto
Lazarus Group, a North Korean-based hacker group’s blockchain wallet transactions have been tracked by analysis firm Elliptic. Out of $2.3 billion cryptocurrency stolen, Japan accounted for the largest portion, followed by Vietnam ($540 million), the U.S. ($497 million) and Hong Kong ($281 million).
By infosecbulletin
/ Friday , May 9 2025
Microsoft has fixed critical vulnerabilities in its core cloud services, including Azure Automation, Azure Storage, Azure DevOps, and Microsoft Power...
Read More
By infosecbulletin
/ Thursday , May 8 2025
The cyber threat landscape is rapidly changing, with a notable increase in ransomware activity in April 2025, driven by the...
Read More
By infosecbulletin
/ Thursday , May 8 2025
SonicWall has released patches for three security flaws in SMA 100 Secure Mobile Access appliances that could allow remote code...
Read More
By infosecbulletin
/ Thursday , May 8 2025
From April 2024 to April 2025, Flashpoint analysts noted that the financial sector was a major target for threat actors,...
Read More
By infosecbulletin
/ Thursday , May 8 2025
Cisco has issued a security advisory for a critical vulnerability in its IOS XE Software for Wireless LAN Controllers (WLCs)....
Read More
By infosecbulletin
/ Wednesday , May 7 2025
Attackers linked to the Play ransomware operation deployed a zero-day privilege escalation exploit during an attempted attack against an organization...
Read More
By infosecbulletin
/ Wednesday , May 7 2025
Hackers are exploiting an unauthenticated remote code execution vulnerability in the Samsung MagicINFO 9 Server to take control of devices...
Read More
By infosecbulletin
/ Tuesday , May 6 2025
CISA added the Langflow vulnerability, CVE-2025-3248 (CVSS score 9.8), to its Known Exploited Vulnerabilities catalog. Langflow is a popular tool...
Read More
By infosecbulletin
/ Tuesday , May 6 2025
Google has released its monthly Android security updates, addressing 46 vulnerabilities, including one that has been actively exploited. CVE-2025-27363 (CVSS...
Read More
By infosecbulletin
/ Tuesday , May 6 2025
The Cyber Security Club, representing the Department of Computer Science and Engineering at the University of Asia Pacific (UAP), has...
Read More
Elliptic estimated the stolen crypto money to be $640 million for 2022. U.N. Security Council panel of experts released a report on April 05, stating that the crypto theft has doubled since 2021.
Reports say, North Korea stole between $600 million and $1 billion in cryptocurrency in 2022, double the previous year’s total.
In the joint statement adopted by the Group of Seven finance ministers and central bank governors in Japan, top officials acknowledged the “growing threat from illicit activities by state actors” such as the crypto theft. Pyongyang has targeted the crypto assets of other countries including Vietnam and Hong Kong to find its missile programmes.
Crypto Market Sentiment in Japan
Japan has been at the forefront of the cryptocurrency revolution, with a favorable regulatory environment and strong support from both the government and the financial sector.
Research states that over 5 million people, or 4.0% of Japan’s total population, currently own cryptocurrency. The Japanese government also has taken a proactive approach to regulate the crypto market.
The Financial Services Agency (FSA) implements measures to protect investors and prevent money laundering and other illicit activities. It suspended crypto exchange FTX Japan last year.