Cybersecurity experts are warning against the rapid growth of cryptocurrency theft led by North Korean state-sponsored hackers following a series of heists targeting blockchain firms.
Nick Carlsen, a blockchain analyst at TRM Labs, said cyber-enabled financial crimes, especially those allegedly conducted by North Korea, have accelerated over the past few years as the East Asian country has become more sophisticated in stealing virtual currency.
“The threat landscape right now is as bad as I think it has ever been when it comes to financial theft,” Carlsen said during a webinar hosted by the Center for a New American Security on Monday.
Carlsen was referring to a string of crypto heists this year involving hackers stealing millions of dollars worth of digital assets from blockchain firms.
In the last two months, two California-based crypto firms — Harmony and Nomad — lost more than $100 million dollars in virtual currency following hacks from unknown perpetrators. Both companies said...
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