North Korean Hackers Escalate Crypto Heists, Funds Stolen Double To $1.6B
Portfolio Pulse from Murtuza Merchant
North Korean hackers have intensified their efforts in stealing cryptocurrencies, with funds stolen nearly doubling to $1.6 billion. Centralized exchanges like DMM and BTCTurk have been targeted, and major exchanges such as Binance and Coinbase are ramping up cybersecurity measures. The Lazarus Group, linked to North Korea, remains a significant threat.
September 04, 2024 | 3:17 pm
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Coinbase is investing in cybersecurity to combat the rising threat of North Korean hackers targeting centralized exchanges. This proactive approach may enhance user trust and platform security.
Coinbase is directly mentioned as investing in cybersecurity to counteract the threat posed by North Korean hackers. This is likely to have a positive impact on its stock as it shows the company's commitment to security, which is crucial for user trust and retention.
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