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North Korea Linked To 2019 Ethereum Theft Worth $55.7M, Say South Korean Authorities

  • South Korean authorities have identified North Korean hackers as the culprits behind a significant Ethereum theft in 2019, worth $55.7 million.
  • The hackers infiltrated a South Korea-based exchange and stole 342,000 Ethereum tokens.
  • The stolen funds were laundered through self-operated crypto exchanges and dispersed across 51 other exchanges globally.
  • This is not the first time North Korean hackers have targeted cryptocurrency platforms, with the regime suspected of orchestrating roughly 97 crypto hacks between 2017 and 2024.

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