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Group-IB: 14 cyber attacks on crypto exchanges resulted in a loss of $882 million

Group-IB has estimated that crypto exchanges suffered a total loss of$882million due to targeted attacks between 2017 and 2018.

Group-IB,an international company that specializes in preventing cyber attacks,has estimated that cryptocurrency exchanges suffered a total loss of$882million due to targeted attacks in 2017 and in the first three quarters of 2018. According to Group-IB experts, at least 14 crypto exchanges were hacked. Five attacks have been linked to North Korean hackers fromLazarusstate-sponsored group, including the infamous attack on Japanese crypto exchangeCoincheck, when$534million in crypto was stolen.

This data was included in the annualHi-Tech Crime Trends 2018report, presented by Group-IB CTO, Dmitry Volkov, at the sixth internationalCyberСrimeCon conference. A separate report chapter is dedicated to the analysis of hackers’ and fraudsters’ activity in crypto industry.

Crypto exchanges: in the footsteps of Lazarus

In most cases, cybercriminals, while...(continued)

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