$721 million worth of cryptocurrency stolen from Japan

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$721 million worth of cryptocurrency stolen from Japan

71 million dollars of cryptocurrency stolen from Japan

The Nikkei Asian Review, a Tokyo-based economic newspaper, reported on Monday, May 15th that hackers affiliated with the North Korean government have stolen 721 million dollars of cryptocurrency from Japan over the past five years.

This report, prepared by a British blockchain analysis company called Elliptic, highlights that this amount is equivalent to 30% of all cryptocurrencies stolen worldwide during this time period.

Elliptic’s research shows that North Korean hackers have stolen a total of 23 billion dollars of cryptocurrency from financial and commercial companies in various countries around the world between 2017 and 2022.

The Japanese newspaper adds that the North Korean government’s goal in stealing cryptocurrencies is to obtain valid foreign currencies to fund its missile program, which poses a threat to the stability and security of Asia.


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