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.
More from the Press:
- Joint Statement on Cryptocurrency Thefts by the Democratic People’s Republic of Korea and Public-Private Collaboration
- S. Korea, US, Japan identify N. Korea behind $659 mil. crypto theft in 2024
- India’s WazirX was hacked by North Korea
- N Korea responsible for WazirX’s $235 mn crypto hack, say US, Japan, S Korea; issue global warning
- North Korea’s Lazarus Group behind $235 million WazirX hack, confirms joint statement by US, South Korea, Japan
- WazirX’s $235 million hack tied to North Korean cyber group; US, Japan, South Korea issues joint statement
