Lazarus Group, connected to North Korea, is allegedly responsible for a huge chunk of stolen crypto last year, according to Chainalysis.
Sharon Beriro
Stacy-Marie Ishmael
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Want to hear a big number? How about $3.8 billion. That’s the amount of crypto that hackers managed to steal last year. That’s a new record.
The company behind that report, Chainalysis, also found that one specific group was responsible for a huge chunk of that stolen crypto. If you guessed that hacking group was Lazarus, connected to North Korea, you’d be correct.
North Korean hackers are likely using the cryptocurrency sector to raise funds in the face of international sanctions. Lazarus allegedly stole $1.7 billion in 2022, compared with $400 million worth of crypto the year before. But what does all of this mean for the crypto market? And what can we do to prevent more hacks from happening?
Bloomberg’s Jeff Stone joins this episode.
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This podcast is produced by the Bloomberg Crypto Podcast team: Supervising producer: Vicki Vergolina, Senior Producer: Janet Babin, Producers: Sharon Beriro and Muhammad Farouk, Associate Producers: Mo Andam and Ty Butler. Sound Design/Engineer: Desta Wondirad.
