North Korea has “industrialized” cryptocurrency theft, turning it into a primary mechanism of revenue for the pariah state. That’s the conclusion of a new report by crypto security firm CertiK, which found that North Korean hackers have stolen $6.75 billion over the past decade, $2.6 billion of it in the past 18 months alone. The biggest incident by far was the 2025 Bybit hack, which saw $1.5 billion drained from the exchange. CertiK pointed to the “precision and scale of North Korean operations,” noting that in the past few years there have been fewer attacks that systematically targeted the highest-value opportunities. The Democratic People’s Republic of Korea (DPRK) has been…
-
-
Back to the Future with Misinformation About Crypto
Wall Street Journal sets off a firestorm regarding Hamas fundraising then fails to correct the record
On October 10th, the Wall Street Journal ran a story with the headline, “Hamas Militants Behind Israel Attack Raised Millions in Crypto. Digital currency transactions highlight how U.S. and Israel have struggled to sever the access of Hamas, Palestinian Islamic Jihad and Hezbollah to foreign funding.” The story stated: “Digital-currency wallets that Israeli authorities linked to the PIJ received as much as $93 million in crypto between August 2021 and June this year, analysis by leading crypto researcher Elliptic showed.” It also cited research by crypto analytics firm BitOK suggesting that Hamas received $41 million. Ten days later the paper followed up with “Why Hamas Uses Crypto to Raise Money”,…
-
The criminal behind Joker's Stash darknet market could be worth $2.8 billion (Photo: Gerd Altmann/Pixabay)Major darknet market closing as founder walks away a Bitcoin billionaire
According to blockchain analytics firm Elliptic, the founder of Joker’s Stash earned at least 60,000 Bitcoin worth $2.8 billion helping hackers sell stolen credit card data
Elliptic said a downturn in sales volume may be the reason why the Joker’s Stash announced that it would cease its activity. That, or the founder simply made so much money that it’s no longer worth the risk.
-
Bitcoin blamed for devastating Twitter hack?
As the dust settles from one of the worst cybersecurity breaches in recent memory, many are focused on crypto giveaway scams, not social media’s security failings
The FBI has launched an investigation into Wednesday’s widespread Twitter hack, which saw attackers hijack 130 high-profile accounts to promote crypto giveaway scams.
