Last year, North Korean hackers attacked various cryptocurrency platforms at least seven times and stole nearly 400 million worth of digital currency, according to a report.
The year 2021 has been a successful year for North Korean cyber criminals, according to block chain research firm Chain Analysis.
The North Korean hackers targeted primarily a centralized platform to mediate between companies and cryptocurrencies.
North Korea has repeatedly denied involvement in such attacks.
"From 2020 to 2021, the number of hack attacks involving North Korea increased from four to seven, and the value of [digital currency] exploited by those hacks increased by 40 percent," Chenanellesis said in a report.
According to Chain Analysis, the hackers used various methods to steal property from the target organization's "hot" wallet and send it to North Korean-controlled areas.
Such methods included phishing, special software codes, and malware.
The report states that after the seizure of the property, North Korea began the process of laundering the assets to cover up the incident and be careful to withdraw the money.
A UN committee monitoring sanctions against North Korea has accused Pyongyang of using stolen money for its nuclear weapons program and ballistic missiles.
Last year, the United States accused three North Korean computer programmers of a series of hacks aimed at stealing 1.3 billion in money and cryptocurrencies.
According to the US Department of Justice, such cyber attacks have affected everything from banks to Hollywood movie studios.
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