2024 Crypto Crime Mid-Year Update Part 1: Cybercrime Climbs

2024-08-15 Chainalysis

https://www.chainalysis.com/blog/2024-crypto-crime-mid-year-update-part-1/

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Chainalysis reported that stolen cryptocurrency funds and ransomware inflows rose in 2024 even as aggregate illicit on-chain activity declined year to date. In the DPRK-relevant section, the report says attackers, including North Korea-linked IT workers, are using off-chain social engineering methods such as applying for IT jobs to infiltrate crypto-related services and steal funds. The report links this activity to a renewed focus on centralized exchanges, noting that centralized services have been compromised for high values in 2024 and citing DMM's $305 million loss as a major example of the broader trend. The finding matters for defenders because it ties crypto theft risk not only to technical exploitation, but also to hiring, identity, and remote-work controls at exchanges and other crypto services.

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