Bittime - North Korea has been in the world spotlight after it was revealed that the country was involved in a series of crypto hacks with losses reaching US$3 billion since 2017. Crypto has become a key target in North Korea's efforts to evade international sanctions imposed on the country.
This report comes from the results of an investigation by the United Nations Security Council (UNSC), which revealed that North Korea had carried out 58 cyber attacks on digital assets between 2017 and 2022. In this series of attacks, the estimated loss reached IDR 47.4 trillion.
The Rising Trend of Crypto Hacking
Not only is the number of attacks alarming, but also the significant value of losses caused by this series of hacks. The UNSC report also revealed that in the last year alone, North Korea was reportedly involved in 17 incidents of cyberattacks against crypto. Even though the number of attacks was relatively small, the value of losses reached IDR 11.7 trillion.
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Impact On The Crypto Community
A series of hacks carried out by North Korea is raising serious concerns among the crypto community. Apart from causing huge financial losses for victims and crypto platforms, this also illustrates the potential threat faced by the crypto market from cyberattacks from unfriendly countries.
Response and Further Action
This serious problem demands a decisive response and strong international coordination in an effort to protect crypto infrastructure from detrimental cyberattacks. International organizations and UNSC member states need to increase efforts in identifying and responding to cyber threats faced by the crypto market.
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Conclusion
The cyberattack carried out by North Korea against the crypto market has had a significant impact on the global crypto community. With losses reaching US$3 billion since 2017, this series of hacks highlights the importance of cybersecurity in the crypto ecosystem. A firm response and coordinated preventive measures are needed to protect the crypto market from this serious threat.
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To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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