{"id":128815,"date":"2025-05-08T06:22:18","date_gmt":"2025-05-08T06:22:18","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128815"},"modified":"2025-05-08T06:22:18","modified_gmt":"2025-05-08T06:22:18","slug":"g7-summit-could-discuss-north-koreas-crypto-hacks-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128815","title":{"rendered":"G7 summit could discuss North Korea\u2019s crypto hacks: Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsGroup of Seven (G7) leaders could discuss North Korea\u2019s escalating cyberattacks and crypto thefts at an upcoming summit in Canada, mid-next month.<br \/>\nConflicts in Ukraine and Gaza will dominate discussions, but North Korea\u2019s increasing cyber threats and crypto hacks have become a major concern requiring a coordinated international response, Bloomberg reported on May 7, citing people familiar with the plans.<br \/>\nThe people said North Korea\u2019s nefarious cyber operations are alarming, as the stolen crypto has become a key funding source for the regime and its programs.\u00a0<br \/>\nNorth Korean-affiliated hacking groups such as the Lazarus Group have already stolen billions of dollars worth of crypto this year, including pulling off the $1.4 billion hack on Bybit in February, the largest ever for the crypto industry.<br \/>\nNorth Korean-linked hackers also stole more than $1.3 billion through 47 crypto heists during 2024, according to blockchain analytics firm Chainalysis. The US, Japan and South Korea warned in January that North Korea also deployed tech workers to infiltrate crypto companies as insider threats.<br \/>\nNorth Korea\u2019s crypto-related hacking activity by year. Source: ChainalysisNorth Korean \u201cinformation technology (IT) workers also present an insider threat to private sector partners,\u201d the statement read.<br \/>\nThe illicit proceeds from these high-profile hacks have helped the hermit kingdom circumvent international sanctions and fund its weapons development programs, according to a US Treasury report in September.<br \/>\nRelated: North Korean crypto attacks rising in sophistication, actors \u2014 Paradigm<br \/>\nIn April, a group affiliated with Lazarus set up three shell companies, with two in the US, to deliver malware to unsuspecting users and scam crypto developers.\u00a0<br \/>\nAttempt to infiltrate crypto exchange<br \/>\nEarlier this month, crypto exchange Kraken detailed how it foiled an attempt by a North Korean hacker to infiltrate its organization.<br \/>\nKraken\u2019s chief security officer, Nick Percoco, conducted trap identity verification tests that the candidate failed, confirming the deception.\u00a0<br \/>\nCyber threat intelligence expert at Telef\u00f3nica and blockchain security researcher, Heiner Garcia, also uncovered how North Korean operatives secured freelance work online.<br \/>\nIn February, Garcia invited Cointelegraph to take part in a dummy job interview he had set up with a suspected North Korean operative, who accidentally shared details that linked him to the nation\u2019s crypto scams.<br \/>\nMagazine: Bitcoin to $1M \u2018by 2029,\u2019 CIA tips its hat to Bitcoin: Hodler\u2019s Digest<a href=\"https:\/\/cointelegraph.com\/news\/g7-summit-could-discuss-north-korea-crypto-hacks-bloomberg?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsGroup of Seven (G7) leaders could discuss North Korea\u2019s escalating cyberattacks and crypto thefts at an upcoming summit in Canada, mid-next month. Conflicts in Ukraine and Gaza will&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128815"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128815"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128815\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128815"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}