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Fortune
Fortune
Leo Schwartz

North Korea–linked Lazarus Group responsible for nearly 20% of crypto losses—more than $300 million worth—in 2023

(Credit: Photo illustration by Josue Evilla—Fortune; original photos by Getty Images)

Even as major crypto hacking incidents declined this year, North Korea remained a powerful actor in cybercrime.

According to a new report by blockchain security platform Immunefi, the North Korea–linked hacker group Lazarus was responsible for over $300 million in losses across crypto hacking incidents in 2023, representing 17.6% of the year’s total losses.

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