Intelligence officials say that no digital asset funds were breached by North Korean hackers in South Korea after the implementation of strict KYC controls.
by South Korea's National Intelligence Service , North Korean hackers have stolen more than 800 billion Korean won worth of cryptocurrencies from decentralized finance, or DeFi, platforms this year. The agency also revealed it blocked a daily average of 1.18 million attacks perpetrated by national and international hacking organizations in November.
"In Korea, virtual asset transactions have been switched to real-name transactions and security has been strengthened, so there is no damage."In 2021, South Korea implemented new know-your-customer cryptocurrency trading rules requiring clients to create a real-name account with the same bank as their cryptocurrency exchange to deposit or withdraw funds. Both the bank and the exchange are then required to verify the client's identity.
North Korean hacker syndicates, such as Lazarus Group, have been linked to a number of high-profile DeFi breaches this year, such as the. Experts said that such attacks are a means of generating foreign currency reserves in the face of strict commercial sanctions imposed by the international community. The NIS also warned that North Korean cyber attacks would intensify next year:
"It is necessary to analyze attacks as closely as defenses. Because one hacker organization has all the attack information and does not forget it. It is necessary to gather information related to malicious code scattered by various attackers to find meaningful insights."
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