North Korean hackers have stolen more than $200 million worth of cryptocurrencies this year, according to the U.S. Federal Bureau of Investigation (FBI). The latest hack was of crypto exchange CoinEx, which was carried out by the North Korean Lazarus Group and resulted in the loss of more than $27 million in different cryptocurrencies, including Ethereum, Tron, and other ERC-20 tokens. The FBI also linked the $41 million exploit of crypto gambling site Stake to the North Korean state-backed actors. Other crypto projects that have been targeted by North Korean hackers include Atomic Wallet and Alphapo. South Korea has revealed its intent to work on a bill that will enable it to track and freeze crypto assets that North Korea stole for its weapons program. Despite mounting economic sanctions imposed by Western countries and their allies, North Korea has increasingly turned to illicit crypto wealth to fund its weapons program. The country has repeatedly denied reports of sponsoring hackers despite the mounting evidence laid against it.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Asia
Countries
Sentiment	negative
Relevance Score	10
People	SlowMist, Federal Bureau of Investigation, ZachXBT, South Korea
Companies	FBI, Polygon, Optimism, South Korea, CoinEx, United Nations
Currencies	Optimism, Bitcoin, Ethereum, erc-20 tokens, TRON
Securities	None