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North Korean hacking activity ceases after regulators implement KYC | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker

According to a new press report published by South Korea’s National Intelligence Service (NIS), North Korean hackers have stolen more than 800 billion Korean won ($620 million) worth of cryptocurrencies from decentralized finance, or DeFi, platforms this year. The agency also revealed it blocked a daily average of 1.18 million attacks perpetrated by national and international hacking organizations in November.

However, a NIS spokesperson revealed via local news outlet Kyunghyang Shinmun that all of the $620 million stolen by North Korean hackers through DeFi exploits occurred overseas, adding:

Many funds have been lost in DeFi exploits this year. Source: Token Terminal

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National Cyber Security