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SEAL Advisory on DPRK Threat to Crypto Exchanges


Everything you need to know about TraderTraitor, the DPRK hackers responsible for countless crypto exchange thefts

This is an order of magnitude larger than their previous theft of over US$70 million from Phemex earlier this year, and equivalent to the cumulative amount stolen by DPRK throughout all of 2024. The United States, Japan, and the Republic of Korea issued a joint statement on cryptocurrency thefts perpetrated by the DPRK and on private-public partnerships North Korean IT workers are particularly attracted to blockchain and cryptocurrency companies for several reasons, including evading international sanctions by avoiding traditional financial systems.

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