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A Joint Statement Highlights North Korea’s Involvement In $659M Crypto Thefts.

By January 14, 20252 minute read

The United States, Japan, and South Korea have released a joint statement addressing ongoing cyber threats posed by the Democratic People’s Republic of Korea (DPRK). These activities, executed by groups like the Lazarus Group, have severely impacted the crypto sector.

These three nations have issued a unified public warning for the first time, underscoring the severity of the threat posed by state-sponsored hacking groups.

Key Points:

  • Significant Incidents Identified: DPRK-linked actors have been tied to multiple thefts in 2024, including $235 million from WazirX. Other targets include DMM Bitcoin ($308M) and Upbit ($50M).
  • Collaborative Recovery Efforts: The three nations are working to recover stolen funds, aiming to deny DPRK illicit revenue that supports its weapons programs.
  • Strengthened Public-Private Collaboration: Mechanisms like the Illicit Virtual Asset Notification (IVAN) system and Crypto-ISAC are facilitating real-time information sharing and response coordination.

The joint statement emphasizes the importance of cooperation among nations and between the public and private sectors to disrupt these malicious cyber operations and protect the global financial ecosystem.

The collaboration among these nations represents a resolute step in combating DPRK’s cyber activities and enhancing financial system security.

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Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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