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Elliptic tracks over $1.2 billion stolen in North Korea-related hacks this year

  • Elliptic tracked more than 50 North Korea-related security incidents this year.
  • Approximately $1.2 billion has been stolen in those incidents since January.
  • Bitget theft addresses overlap with those linked to last year’s $1.5 billion Bybit theft.

Blockchain analytics company Elliptic has tracked more than 50 North Korea-related security incidents since the start of the year, involving approximately $1.2 billion in stolen funds. Some funds from the Bitget theft were connected to addresses that overlap with those associated with last year’s $1.5 billion theft from the Bybit exchange. Preliminary analysis of on-chain laundering (moving illicit funds across blockchain addresses) indicates the Bitget incident was carried out by the hacker group TraderTraitor.

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