North Korea is known for producing one of the best dictator dynasties that the world has ever seen.
Now, the country is in the news for producing computer hackers, which shocked everyone.
These North Korean hackers have stolen nearly $400 million worth of cryptocurrency in 2021.
We will discuss the same in this write-up.
Lets see how, when, and why the crypto burglary of North Korea happened!
Lazarus Group, formed by the North Korean government, is infamous for many such online attacks.
They have allegations of attack on Sony Pictures, among several other incidents as well.
How did it happen?
These North Korean hackers use a variety of tactics, including social engineering, phishing, and even malware.
The intent is to attempt to target several investment firms and centralized exchanges.
Hot crypto-wallets are usually at higher risks as compared to cold wallets.
The hackers seem to have utilized this fact to their benefit.
They were able to gain access to the hot-wallets and then transferred the funds to North Korea-controlled accounts.
When did it happen?
It happened with multiple attacks throughout the year 2021, and many investigations are being run for the same.
Why did it happen?
North Korea utilizes these funds to pay for weapons and keep its economy afloat.
