Bitcoin

G7 summit could discuss North Korea’s crypto hacks: Report

The leaders of the seven group (G7) could discuss North-Cyberattacs Korean and cryptographic flights at a next summit in Canada in the middle of the month.

Conflicts in Ukraine and Gaza will dominate discussions, but cyber-menices and growing cryptographic hacks in North Korea have become a major concern requiring a coordinated international response, Bloomberg reported on May 7, citing people familiar with plans.

The people said that the north Korea’s harmful cyber-operations were alarming, because the stolen crypto has become a key fund for the regime and its programs.

Piracy groups affiliated to North Korea such as the Lazare group have already stolen billions of dollars in crypto this year, including piracy of $ 1.4 billion on the Bebit in February, the largest ever ever made for cryptographic industry.

North Korean pirates also stole more than $ 1.3 billion at 47 cryptographic crate in 2024, according to the Chainalysis blockchain analysis company. The United States, Japan and South Korea warned in January that North Korea also deployed technological workers to infiltrate cryptographic companies as threats of initiates.

Piracy activity linked to the crypto of North Korea per year. Source: Chain-analysis

“North Korean workers on information technology (TI) also have a threat of initiate for private sector partners,” the statement said.

The illicit product of these high -level hacks helped the hermits’ kingdom to circumvent international sanctions and finance its weapon development programs, according to an American Treasury report in September.

In relation: North Korean crypto attacks increased in sophistication, actors – paradigm

In April, a group affiliated with Lazarus set up three Shell companies, with two in the United States, to deliver malicious software to without distrust users and developers of arnan cryptos.

Try to infiltrate the exchange of crypto

Earlier this month, Crypto Exchange Kraken explained how he thwarted an attempt at a North Korean pirate to infiltrate his organization.

Kraken security director Nick Percoco carried out trap identity check tests that the candidate failed, confirming the deception.

Cyber-menace intelligence expert in Telefónica and Blockchain security researcher, Heiner Garcia, also revealed how North Korean agents obtained independent online work.

In February, Garcia invited Cointelegraph to participate in a dummy job interview which he had set up with an alleged North Korean agent, who accidentally shared details that had linked him to the country’s cryptographic scams.

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