Crypto Theft by North Korea Hits Record High in 2022

• According to a draft U.N. report, North Korea managed to steal more cryptocurrency last year than ever before.
• Cybersecurity firms and U.N. member states have estimated that DPRK hackers obtained crypto worth over $1 billion in 2022 alone.
• 10% of the stolen assets were extracted from South Korean accounts, with the proceeds allegedly being used for funding nuclear and missile development programs.

U.N.’s Draft Report on Crypto Theft by North Korea

The United Nations is set to release a confidential draft report later this month or in early March which reveals how the isolated country of North Korea is raising funds through cyberattacks and in circumvention of international restrictions. The findings are based on information provided by U.N. member states as well as cybersecurity firms and suggest that a higher value of cryptocurrency assets was stolen by DPRK actors in 2022 than in any previous year – an amount estimated to be over $1 billion USD according to some sources, while others estimate it at around $630 million USD.

North Korea-Linked Hackers Active Last Year

A blockchain forensics firm known as Chainalysis has reported that North Korean-linked hackers such as the members of the Lazarus Group were particularly active last year, having stolen around $1.7 billion worth of coins throughout the period studied by them. Intelligence authorities have further revealed that about 10% of these funds were extracted from accounts belonging to South Korean companies and individuals – all believed to have been laundered and funneled towards nuclear and missile development programs within North Korea’s regime itself.

Estimates Vary Depending on Crypto Market Fluctuations

The authors of the UN report note that variation in U.S.-dollar equivalent of cryptocurrency in recent months likely affects estimates regarding total theft value, although both estimates point towards a record-breaking year for crypto theft associated with the Democratic People’s Republic of Korea (DPRK).

International Restrictions Aimed at Curtailing Funds for Illicit Activities

The upcoming UN report is expected to shed light on how effectively international restrictions are curtailing funds for illicit activities undertaken by Pyongyang’s regime – including its attempts at stealing more cryptocurrency each year than ever before through cybercrime groups linked directly to it. It remains yet unknown what actions will be taken following this latest incident but it is certain that close attention will be paid towards securing digital asset networks against future attacks originating from North Korea or elsewhere worldwide alike..

• Dogecoin (DOGE) surged to an eight-week high on Tuesday, breaking out of a key resistance level.
• Shiba Inu (SHIB) also moved higher, rebounding from losses to start the week.
• Bitcoin and Ethereum prices have both declined in recent days ahead of a key week of US economic data.

Biggest Movers: DOGE Hits 8-Week High

Dogecoin (DOGE) rose to an eight-week high on Tuesday, as prices broke out of a key resistance level. Dogecoin’s surge saw it reach its strongest point since December 11th when prices were at a high of $0.0972. Furthermore, the 14-day relative strength index (RSI) collided with a ceiling of its own at 65.00, indicating that bulls might be able to maintain current momentum and push the price further up towards $0.099.

Shiba Inu Rebounding

Shiba Inu (SHIB) rebounded following losses to start the week and rose to a high of $0.00001195 earlier today, recovering back above a key support level of $0.00001165 in the process. The RSI for SHIB/USD was also seen rebounding and is currently tracking at 62.57 which is marginally above 60.00, potentially opening up further gains if momentum can remain positive and take it above 68.00 which could see SHIB/USD trading above $0.00001220 soon after that.

Bitcoin & Ethereum Prices Decline

Bitcoin (BTC) and Ethereum (ETH) have both seen their prices decline over recent days with Bitcoin heading towards the low end of its range between $33000-$40000 while Ethereum has been edging lower after failing to break through its all time highs last month near $1450 USDT mark in February 2021 . Both coins are now waiting in anticipation for this upcoming week’s US economic data which will likely be influential in determining how BTC & ETH price movements play out in coming days – particularly given current market sentiment surrounding them which could swing either way depending on fresh insights into how economies are faring under Covid-19 pandemic pressures worldwide right now .

Crypto Fear Index From ‚Extreme Fear‘

The ‘Crypto Fear & Greed Index’ has moved from ‘extreme fear’ for Bitcoin during January 2021 where it averaged around 30 before moving up towards 40 recently as confidence slowly increases among investors that BTC may move higher again – although caution remains as volatility still exists within crypto markets currently , even though indicators such as MFI suggest buying pressure is rising across major exchanges . This suggests that many traders remain optimistic about future prospects for BTC & other cryptos despite market turbulence witnessed over past few months .

Conclusion

Overall , sentiment appears cautiously optimistic regarding meme coins like Dogecoin & Shiba Inu while uncertainty still lingers regarding Bitcoin & Ethereum during this key period where we await new US economic data this week . It’ll be interesting to see if crypto markets react positively or negatively once news arrives so stay tuned !

• Ledgible unveils a newly revamped website and interface for their digital asset tax and accounting solutions.
• Ledgible offers a variety of digital asset accounting and data aggregation tools for institutions and enterprises.
• Ledgible’s platform allows for seamless API connections, providing a foundation for tax and accounting for crypto.

Ledgible, the leading digital asset tax and accounting solution for institutions, professionals, and investors, recently announced the launch of their newly revamped website and interface. This announcement comes just in time for the 2022 US tax season, as tax filers and professionals are gearing up for the highest volume digital asset tax filing season ever in the US.

Ledgible offers more than just digital asset tax solutions. They are also a top provider of digital asset accounting and digital asset data aggregation tools for companies like FIS, Thomson Reuters, Wolters Kluwer, Interactive Brokers, and more. Their platform takes the headache out of managing digital asset data, providing month-end reporting, analyzing balances, managing crypto funds, and integrating with existing accounting software.

Ledgible’s platform is more than just a SaaS platform. It is also equipped with a proprietary data layer, allowing for quick access to crypto data aggregation and normalization for institutions and enterprises. Ledgible’s platform and API connections provide a foundation for tax and accounting for crypto. This platform is designed to be scalable and secure, allowing for integrations with banking systems and augmentation of traditional financial reporting software.

Ledgible’s newly revamped website and interface makes it easier than ever to explore their various digital asset solutions, connect with support, and register. Their platform is designed to be the ultimate foundation for tax and accounting for crypto, and their new website allows users to quickly and easily access these solutions.

• A hacker in Ho Chi Minh City, Vietnam was sentenced to 10 years in jail for stealing $13,000 USD from a cryptocurrency exchange.
• The hacker, Nham Hoang Khang, was charged with extortion and ordered to return the stolen money.
• Khang gained access to the exchange by exploiting vulnerabilities and obtaining personal data of 29,000 customers.

A hacker has been sentenced to 10 years in jail for stealing 300 million Vietnamese dong (around $13,000 USD) from a cryptocurrency exchange in Ho Chi Minh City, Vietnam. Nham Hoang Khang, the hacker, was charged with extortion and ordered to return the stolen money on Friday by the city’s People’s Court.

The crypto exchange was established by Vu Ngoc Chau in 2018 to connect potential buyers and sellers of cryptocurrencies, taking a fee for the transactions it facilitated. Users were required to open accounts and provide personal information such as phone number, email address and a copy of an ID document.

In October 2020, Khang used his phone to create multiple accounts on the platform. He discovered that the website, T-rex.exchange, had several vulnerabilities that could be exploited to get hold of both data and digital currency. The following month, the hacker managed to gain control over the account of a T-rex employee, allowing him to access around 30,000 USDT. The team detected the unusual transactions and locked the account to prevent further operations with the cryptocurrency.

Once he found that he no longer had access to the compromised account, Khang obtained the personal data of 29,000 customers and created a large number of fake orders while threatening with further cyberattacks. The owner of the exchange, Vu Ngoc Chau, was forced to pay the hacker to return the stolen data and money.

The Vietnamese Court has now ordered Khang to return the stolen money and sentenced him to 10 years in prison for his actions. The case has highlighted the importance of cybersecurity for crypto exchanges, especially in countries like Vietnam where there are still no legal regulations for the sector. It is hoped that this case serves as a warning to other potential hackers who may be targeting cryptocurrency exchanges.

• ViaBTC Capital has become a prominent institution within the blockchain space in 2022, investing in distinctive projects such as SingSing, ZKX Protocol, Sparkadia, Port3, PEPO, Orderly Network, Aperture, and WOO.
• ViaBTC Capital has also reached strategic partnerships with public chain ecosystems such as Near (MetaWeb Ventures), Metis, and Avalanche.
• Despite the sluggish crypto market this year, the institution has built a robust, diversified portfolio while improving its post-investment services.

The year 2022 has been a difficult one for the global financial markets, with economic growth slowing to a crawl. The crypto market has also been affected, entering a prolonged bear period. Despite these challenging conditions, the crypto industry has still managed to raise more funds in the first half of the year than it did in 2021, proving that the bear market also offers premium categories and projects to those who are willing to invest in them.

One such investor is ViaBTC Capital, a new institutional investor focusing on blockchain. Since its inception, the institution has sought to leverage the technology, talent, project, and capital of the blockchain space in order to build an all-encompassing, globalized blockchain investment ecosystem. This year, ViaBTC Capital has invested in a number of distinctive, promising projects, such as SingSing, ZKX Protocol, Sparkadia, Port3, PEPO, Orderly Network, Aperture, and WOO.

In addition to investing in projects, ViaBTC Capital has also formed strategic partnerships with public chain ecosystems such as Near (MetaWeb Ventures), Metis, and Avalanche. By sharing resources, the institution is able to empower each other and deliver win-win results.

Remaining dynamic in today’s bear market, ViaBTC Capital has built a robust, diversified portfolio while also improving its post-investment services. In particular, the institution has focused on infrastructure and data services, with an emphasis on ZK technology and applications.

In summary, despite the challenges of the bear market, ViaBTC Capital has managed to make significant strides in its investments and partnerships this year. By carefully selecting projects and forming strategic partnerships, the institution has been able to create a robust, diversified portfolio and deliver win-win results. It is an encouraging sign for the future of the crypto industry.