Reports reveal that North Korean hackers stole more crypto assets than ever before in 2022 as Webaverse co-founder loses $4M in another hack

Published Feb 7, 2023
By Qredo Team

Qredo’s daily briefing gives you the visibility you need of the ever changing world of crypto to help you make the best decisions and reach your financial goals. 

According to a report submitted to the United Nations, North Korean hackers stole more digital assets in 2022 than any other year, seizing over $630M over the course of the year. The full report is said to be due for release to the public in March 2023.

Are we in for less crypto ads at this year’s Super Bowl? According to a report released by the Associated Press on Feb. 6, crypto ads originally slated to air during the Super Bowl have now fallen through in the wake of FTX’s collapse. The Kansas City Chiefs are set to take on the Philadelphia Eagles at the Super Bowl this Sunday (Feb. 12, 2023).

After meeting with fraudsters acting as investors in a hotel lobby in Rome, the co-founder of Web3 metaverse gaming engine, Webaverse, stated they were victims of a $4M coin heist. They claim that no seed phrases or private keys were revealed at any point. Unfortunately, the hackers were able to exploit a single point of failure to commandeer the victim’s wallet and transfer the funds out of the wallet. Check out our blog on private keys and single points of failure to learn more about how you can protect yourself from similar hacks.

More news and thought leadership from Qredo