North Korea hacked nearly $400M in cryptocurrency last year

According to a report by Chainalysis, North Korean hackers stole almost $400 million worth of digital assets last year.

The number of hacks linked to North Korea jumped from four to seven between 2020 and 2021.
Investment firms and centralized exchanges were the targets of the attacks.
The report stated that the hackers used a variety of tactics, including code exploits, to steal funds from the organizations' internet-connected "hot wallet".

The report said that once North Korea gained custody of the funds, they began a careful laundered process.
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According to the report, North Korea used the money by hacks to support its weapons of mass destruction and missile programs.
The Lazarus Group, a hacking group that is part of North Korea's primary intelligence agency, is suspected of carrying out the attacks. The Lazarus Group has been accused of cyberattacks before.
More than half of North Korea's stolen funds were laundered through software tools.
UnlaunderedCryptocurrencies are believed to be worth $170 million, from 49 separate hacks, from North Korea.
It is not clear why the hackers are sitting on these funds, but it could be that they are hoping that law enforcement interest in the cases will die down so they can cash out without being watched. Whatever the reason, the length of time that the Democratic People's Republic of Korea is willing to hold on to these funds is illuminating.