North Korea Linked to $305M Hack of Japanese Crypto Exchange DMM
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The post North Korea Linked to $305M Hack of Japanese Crypto Exchange DMM appeared first on Coinpedia Fintech News
North Korean hackers were behind the May 2024 theft of over 4,500 BTC from Japan’s DMM crypto exchange, resulting in a $305 million loss. U.S. and Japanese authorities revealed that the attack was affiliated with the TraderTraitor group, known for social engineering tactics. The hackers gained access to crypto wallet company Ginco’s communications system through a malicious Python script sent via LinkedIn. They later intercepted a legitimate transaction request from a DMM employee, leading to the theft. North Korea has been responsible for over half of crypto thefts in 2024, totaling $1.34 billion.
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