The South Korean government says it is imposing sanctions on 15 North Koreans who engaged in illicit cyber activities to raise funds for their totalitarian state.

Japanese and U.S. authorities have formerly attributed the theft of cryptocurrency worth $308 million from cryptocurrency company DMM Bitcoin in May 2024 to North Korean cyber actors.

"In 2023, North Korea-affiliated hackers stole approximately $660.50 million across 20 incidents; in 2024, this number increased to $1.34 billion stolen across 47 incidents—a 102.88% increase in value stolen" says the report (via Bleeping Computer ).

Decentralized cryptocurrency exchange Hyperliquid witnessed its biggest-ever single-day outflow on Monday after an investigation sounded alarm over the presence of North Korean hackers on the platform.

South Korea has teamed up with the US in efforts to fight against North Korean hackers linked to cryptocurrency heists, according to the latest reports. The collaboration between the two countries involves initiatives to track stolen digital assets and curb malicious activities that have resulted in over a billion dollars worth of cryptocurrency lost to

Hackers tied to North Korea's cash-strapped totalitarian dictatorship this year stole a record amount of cryptocurrency, totaling $1.34 billion across 47 incidents,