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Fortune
Fortune
Leo Schwartz

North Korean cybercriminals have already stolen $200 million in crypto hacks in 2023

(Credit: Gamma-Rapho—Getty Images)

North Korea has stolen around $200 million in cryptocurrencies across 30 hacks so far in 2023, less than in 2022 but still a sum "10 times larger than attacks by other actors," according to a Ethereum and Bitcoin, swapping the tokens through decentralized exchanges and then laundering them through different techniques, including mixers.

With hacks still plaguing the crypto ecosystem, cybersecurity has become one of the most active areas for venture investment and development. Earlier this month, the crypto crime-fighting startup CAT Labs launched an initiative to push new cybersecurity standards with the aim of preventing exploits.

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