Hackers withdraw $882 million from cryptocurrency exchanges for one and a half years
The criminals broke into 14 trading platforms, five of which were attacked by members of the North Korean hacker group Lazarus.
Since the beginning of 2017, hackers have stolen $882 million from 14 cryptocurrency exchanges, according to Group-IB. They believe that shortly, criminals will attack the marketplaces again, and in 2019 the number of hacks will only increase.
“At the beginning of 2018, hackers' attention to cryptocurrency exchanges has grown, so we expect such groups as Silence, MoneyTaker and Cobalt to conduct several successful hacks,” the company said.
The specialists noted that five exchanges (Yapizon, Coinis, YouBit, Bithumb, and Coincheck) were hacked by members of the North Korean hacker group Lazarus. Most often, criminals use fake resumes that are infected with a virus to attack digital money trading platforms and ICO startups.
In 2017, fraudsters were able to take possession of 10% of all investments attracted during projects on the initial placement of tokens. According to analysts, the organizers of the ICO cause the most significant damage, since 80% of startups failed to fulfill obligations to investors and stole their funds.