Blockchain analytics firm Elliptic has tracked more than 50 security incidents linked to North Korea this year, with total stolen funds reaching about $1.2 billion, according to a report cited by Insurance Journal. The firm also said some of the funds stolen from Bitget overlap with addresses associated with last year’s $1.5 billion Bybit exchange hack. Based on the laundering patterns seen on-chain so far, Elliptic’s preliminary assessment points to the hacker group TraderTraitor as being behind the Bitget incident. The disclosure ties the latest case to a broader set of North Korea-related crypto theft investigations already under review by the company.
Blockchain analytics firm Elliptic has tracked more than 50 security incidents linked to North Korea this year, with total stolen funds reaching about $1.2 billion, according to Insurance Journal.
Elliptic said some of the funds stolen from Bitget overlap with addresses associated with last year’s $1.5 billion hack of crypto exchange Bybit. Based on the on-chain laundering patterns identified so far, the firm’s preliminary assessment is that the Bitget incident was carried out by the hacker group TraderTraitor.
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