Japan leads world in losses from North Korean crypto hacking with 30% of total: Report

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Japan leads world in losses from North Korean crypto hacking with 30% of total: Report
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Elliptic breaks down North Korean crypto hacking by country.

Japan is the biggest loser of cryptocurrency to North Korean hackers, according to a study by blockchain analyst Elliptic. Asian countries make up three of the four top targets for the so-called Hermit Kingdom’s hackers, Elliptic found.at losses of cryptocurrency from cyberattacks originating in North Korea from 2017 through 2022. The study took into account both hacking and ransomware attacks. It described the attacks as a “national strategy.

Vietnam was the second-most attacked country, according to the report, losing $540 million in that timespan. The United States was third with $497 in losses, and Hong Kong trailed in fourth place with losses of $281 million. Elliptic: North Korean hackers stole $2.3B in crypto from businesses from 2017 to 2022, including $721M from Japan, $497M from the US, and $281M from Hong Kong

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