- Increased capital inflows into crypto markets have also attracted attention from bad actors.
- North Korean state-backed hacking groups have been particularly prolific.
- A new study reveals that Japan has been a primary target.
In recent years, crypto markets have attracted greater attention and capital flows. While this attention is largely positive, it has also not gone unnoticed by bad actors, as crypto hacks have also increased.
North Korean-linked groups like Lazarus Group, Kimsuky, and Andariel have proved particularly prolific during this period, as has been highlighted by several reports. These groups have been behind some of the worst attacks in recent crypto history, including the Ronin bridge hack in March 2022 that cost investors over $600 million and the Harmony Horizon bridge attack in June 2022 that cost over $100 million.
A recent study suggests that Japan has been the primary target of…
