$272 million in Ethereum stole by North Korean hackers in 2021

Blockchain investigator Chainalysis released reports saying hackers from North Korea stole about $395 million worth of cryptocurrencies last year by executing 7 successful security breaches.

North Korean hackers stole approximately $276 million in Ethereum
Crypto hackers | Image: Optimisus

According to reports, Ethereum (ETH) accounted for 58% of the $272 million. Meanwhile, Bitcoin (BTC), the leading digital asset, represents a 5th of the $395 million stolen. However, Ethereum-based digital assets stand at only 11%.

Moreover, the total amount of digital assets stolen by the Hermit Kingdom has now come to $1.5 billion, Chainalysis data shows.

Note that cybercrime North Korea has emerged as a new source of income for the communist state, with crypto exchanges being the targets for North Korea's military hacking units.

This was highlighted in many reports, stating that the Kim Jong Un regime depends on its hackers to fund the development of sophisticated ballistic missiles and nuclear weapons.

In 2018, North Korean hackers stole approximately $522 million, which is still its highest yearly attack to date.

Not to mention that the popular hacking group, Lazarus, which hacked Sony Pictures in 2014, was also responsible for stealing Singapore-based crypto exchange KuCoin of $275 million in 2020.

Last year in September, Ethereum developer Virgil Griffith was found guilty for helping North Korea hackers evade U.S. sanctions.