Professor Mende - Bonuz Ecosystem Founder
😱 North Korean Cryptocurrency Theft of $2.2 Billion: The Ultimate Cryptocurrency Heist Gang
Over $1.3 billion of the losses trace back to North Korea. Yes, the regime is not only launching missiles but also conducting hacking attacks. This is not a movie plot; it is real life, and reports suggest that the stolen funds are being used to finance weapons programs.
The Biggest Trends of 2024
- DMM Bitcoin Exchange (Japan): Lost 4,500 BTC in a single attack—worth hundreds of millions.
- Cross-Chain Protocols: Bridges like Ronin and Wormhole remain gold mines for hackers, accounting for billions in vulnerabilities.
- Attacks on Smart Contracts: Weak coding in DeFi protocols has been repeatedly exploited, proving that the technology is not foolproof.
Why is This Happening?
The decentralized nature of cryptocurrency is both its superpower and its kryptonite. Billions of dollars are locked in smart contracts and exchanges, and hackers see unlimited opportunities. Security lags behind, and bad actors are getting smarter.
How to Protect Yourself
- Use Cold Storage: Store your coins in hardware wallets like Ledger or Trezor—hackers cannot reach offline content.
- Stay Skeptical: If it sounds too good to be true, it probably is. Avoid using suspicious tokens and unverified platforms.
- Stay Updated: Follow platforms like CryptoPanic or DeFiSafety for updates and to understand the risks.
The Big Picture
$2.2 billion has vanished, and 2024 isn't even over yet. The crypto world is booming, but the risks are growing rapidly. The innovation of hackers is as fast as the market, and unless the industry strengthens its security game, your wallet could be next.
For those who love contracts, enjoy studying the market, and researching technology, click on my profile. I have years of experience in the crypto space and share tips for free. I’m here in the community, online anytime, welcome to discuss and improve together.