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A study by blockchain analytics company Elliptic shows that North Korean hackers have stolen more cryptocurrency from Japan than any other country.
The U.S. Office of Foreign Assets Control has sanctioned three people for their alleged conversion of stolen cryptocurrency into fiat money for North Korea.
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Overall crypto losses increased from US$3.3 billion stolen in 2021, blockchain analysis firm Chainalysis Inc said in a report.
Thieves stole a record $3.8 billion worth of cryptocurrency in 2022 as sanctions on North Korea drove a surge in suspected hacking by the Asian nation, analysts say.