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North Korea called accusations of attacks on crypto projects "absurd slander"
The North Korean Ministry of Foreign Affairs stated that the US is spreading "false information" and trying to link North Korea to hacker attacks on crypto projects to tarnish the country's reputation. In Pyongyang, they also claim that Washington itself conducts indiscriminate cyberattacks, controlling the global IT infrastructure, and have promised to take measures to protect the country's interests. According to TRM Labs, 76% (~$577 million) of the damage to the crypto industry since the beginning of the year is attributed to groups from North Korea, and since 2017, their earnings have exceeded $6 billion; among the largest incidents, analysts cited the Lazarus Group's attacks on Drift on April 1 ($285 million) and the Kelp DAO hack on April 18 ($292 million).