North Korean hackers have stolen $571M in cryptoassets since 2017

According to cybersecurity firm Group-IB, the North Korean hacking group, Lazarus, stole $571M in cryptoassets over five different attacks. The $571M represents 65% of the $882M stolen from crypto exchanges since 2017. Additionally, Group-IB reports that in the past year and a half, 10% of the total funds raised by ICOs have been stolen. Group-IB expects targeted attacks on cryptocurrency exchanges and ICO platforms to rise as hackers realize how lucrative crypto-platforms are. (Source: The Next Web)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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