North Korea Linked To 2019 Ethereum Theft Worth $55.7M, Say South Korean Authorities

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Bitcoinist 14h ago

North Korea Linked To 2019 Ethereum Theft Worth $55.7M, Say South Korean Authorities - Bitcoinist

Quick Summary:

South Korean authorities have officially identified North Korean hackers as the perpetrators of a major Ethereum heist in 2019, marking a significant breakthrough in the investigation.

The stolen cryptocurrency, valued at 58 billion won (approximately $55.7 million) at the time, was traced to North Korea’s Reconnaissance General Bureau, a military intelligence agency.

These activities are believed to play a major role in funding North Korea’s missile and nuclear programs, highlighting the broader geopolitical implications of these crimes.