[Wu Blockchain News] North Korean Hackers Account for Nearly 89% of Reported Crypto Theft Losses in 2026, South Korea Estimates Over 8,000 Related Personnel
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North Korea-linked hackers accounted for nearly 89% of reported cryptocurrency hack losses in 2026 so far, up sharply from 15% in 2021, according to Chainalysis. South Korea's government estimates that Pyongyang deploys more than 8,000 personnel tied to these operations. The attackers are increasingly using generative AI to forge documents and impersonate technical staff, making their infiltration of crypto projects harder to detect. The rising share underscores how concentrated crypto security risk has become around a single state-backed actor despite years of industry spending on defenses.
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Named in this story
North Korea, Chainalysis, South Korea