North Korean Hackers Stole $600M Worth of Crypto in 2023: TRM Labs

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. According to TRM Labs, North Korean hackers stole $600 million worth of crypto. In 2023. This number could have been even higher at $700 million. If additional hacks that took place in the final days of 2023 are confirmed to have been committed by North Korea. This chart right here shows the total amount of funds stolen decreasing by 30% from 2022 to 2023. After dramatically increasing from 2021 to 2022. The research firm says the Democratic People's Republic of Korea was responsible for almost a third of all funds stolen in crypto attacks last year. North Korean Attackers usually compromise private keys and seed phrases to transfer stolen funds to wallet addresses controlled by North Korean operatives. TRM Lab says the funds are then swapped mostly for us DT or Tron and converted to fiat currency using high volume OTC brokers. That's a wrap for a chart of the day. I'm Jen Sasi. We'll see you next time to unpack more of the data behind top news stories.