Elliptic: North Korea-Linked Crypto Thefts Exceed $1.2 Billion This Year

Blockchain analytics firm Elliptic has tracked over 50 security incidents linked to North Korea, with total stolen funds reaching approximately $1.2 billion this year. On-chain money laundering patterns suggest that the recent Bitget hack was carried out by the hacker group TraderTraitor, with some stolen funds linked to addresses associated with the $1.5 billion Bybit exchange hack from last year.