North Korean cybercriminals were also behind the 2017 WannaCry ransomware attack, which infected hundreds of thousands of devices in over 150 countries. Many experts believe these cyber activities help fund North Korea’s military and nuclear programs.
Growing Threat of N. Korean Cyber Attacks
The U.S. government has been issuing warnings about North Korean state-sponsored cyber actors since 2018. Given the scale and sophistication of these operations, cybersecurity experts continue to urge financial institutions, cryptocurrency exchanges, and blockchain developers to strengthen security protocols.
With Bybit’s recent hack, it is evident that TraderTraitor remains an active and dangerous threat to the world’s cryptocurrency security. The full extent of North Korea’s involvement in crypto-related cybercrimes is still unfolding, but one thing is clear—it represents a global cybersecurity crisis that demands immediate attention.
