Elliptic said it has tracked more than 50 security incidents tied to North Korea, with total funds stolen this year reaching about $1.2 billion. The firm also said some of the funds stolen from Bitget overlap with addresses linked to last year’s $1.5 billion Bybit exchange hack. Based on preliminary on-chain money laundering patterns, Elliptic said the Bitget incident appears to have been carried out by the hacking group TraderTraitor. The update ties together the latest Bitget theft with previously identified wallet activity connected to the Bybit case and adds to Elliptic’s running count of North Korea-related attacks monitored so far this year.
Elliptic said it has tracked more than 50 security incidents linked to North Korea, with total funds stolen this year reaching about $1.2 billion.
The firm added that some of the funds stolen from Bitget overlap with addresses associated with last year’s $1.5 billion theft from crypto exchange Bybit. Based on preliminary on-chain money laundering patterns, Elliptic said the Bitget incident appears to have been carried out by the hacking group TraderTraitor.
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