G7 May Address North Korea’s Crypto Thefts at June Summit

G7 May Address North Korea’s Crypto Thefts at June Summit

Leaders of G7 are expected to raise the issue of North Korea’s growing cyberattacks and cryptocurrency thefts at their upcoming summit.

Crypto Heists Tie North Korea To G7 Scrutiny

Following a series of well-publicized Bitcoin heists that have shaken the digital asset sector, North Korea’s state-backed hacking teams have once more come under worldwide focus. The G7, the coalition of seven of the biggest advanced economies in the world, has openly denounced Pyongyang’s ongoing cyberattacks as a threat not only to national security but also to world financial stability. According to estimates from blockchain intelligence com…

Key points of the news: The G7 evaluates including at its June summit the crypto cyberattacks of North Korea, which finance its weapons program. North Korea perfected in 10 years a network of hackers that steal crypto using malware, supplantation and attacks on DeFi protocols. Despite sanctions, 61% of the crypto robberies of 2024 were from North Korean groups, which use front companies and fake profiles. G7 leaders evaluate to include in their …

The digital war knows no borders. A few weeks from the G7 summit, the cyberattacks orchestrated by North Korea via crypto platforms impose as a global security priority. A coordinated response is emerging, faced with a threat that mixes technology, finance and political strategy. The G7 wants to stop the crypto hacks of rogue states like North Korea appeared first on Cointribune.

G7 Leaders to Discuss North Korean Hacking Group Lazarus' Cyber Attacks and Crypto Thefts

G7 leaders may discuss North Korea’s cyber attacks and crypto thefts, such as with the Lazarus Group, as part of their upcoming meeting in Canada next month. According to a Bloomberg source, the G7 meetings will most likely focus on armed conflicts across the globe, but will also focus on North Korea’s hacking exploits. Lazarus Group, in particular, has increased its attacks and has pulled off massive crypto hacks. The global community will no l…

North Korea’s Crypto Heists May Force G7 to Launch Global Security Overhaul

The post North Korea’s Crypto Heists May Force G7 to Launch Global Security Overhaul appeared first on Coinpedia Fintech News As cryptocurrency becomes more mainstream, so do the risks, and now, world leaders are taking notice. The Group of Seven (G7) nations are reportedly planning to address a ris...