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.