FBI Links TraderTraitor to $308M DMM Bitcoin Theft in May, Over 4,000 BTC Stolen, Totaling $1.3 Billion in 2024

The FBI, in collaboration with the Department of Defense Cyber Crime Center and Japan's National Police Agency, has attributed a major cryptocurrency theft to North Korean hackers. The breach, which occurred in May, involved the Japanese cryptocurrency exchange DMM and resulted in the loss of over 4,000 Bitcoin, valued at approximately $308 million. The hacker group, identified as 'TraderTraitor,' utilized social engineering tactics to infiltrate the exchange's systems. Reports indicate that North Korean hackers have stolen more than $1.3 billion in cryptocurrencies throughout 2024, with these funds allegedly being used to support the North Korean regime.