North Korea's crypto thefts exceed $1.2 billion this year, Elliptic tracks over 50 related security incidents

According to Odaily, Elliptic monitoring shows it has tracked over 50 North Korea-related security incidents, with approximately $1.2 billion in stolen funds accumulated so far this year. Some of the funds stolen from Bitget overlap with addresses linked to last year's $1.5 billion hack of the Bybit exchange. On-chain money laundering patterns preliminarily indicate that the Bitget incident was carried out by the hacker group TraderTraitor.