North Korea linked to 89% of 2026 crypto hack losses
Chainalysis links suspected North Korean hackers to nearly 89% of reported crypto hack losses in 2026, as Pyongyang rejects international sanctions.
The Brief
- North Korea-linked hackers have accounted for nearly 89% of reported cryptocurrency hack losses in 2026, according to Chainalysis, as Pyongyang has dismissed international sanctions targeting its revenue and weapons programs.
North Korea-linked hackers have accounted for nearly 89% of reported cryptocurrency hack losses in 2026, according to Chainalysis, as Pyongyang has dismissed international sanctions targeting its revenue and weapons programs.
Chainalysis published the figures on Oct. 30, drawing on reported losses through Oct. 29. Across the period beginning in 2021, suspected North Korean operations accounted for $13.24 billion of $22.34 billion in reported cryptocurrency hack losses, or roughly 59%.
The latest annual share compares with 15% in 2021. Calculated from the published percentages, the difference is 74 percentage points, while the average reported loss per suspected North Korea-linked attack is approximately 3.7 times its 2021 level.
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