North Korean hackers are reported to have stolen $1.3 billion in cryptocurrency this year, accounting for over half of the global total. These state-sponsored attacks highlight the increasing threat to the cryptocurrency industry and its need for enhanced security measures. The thefts are believed to fund North Korea’s weapons programs, evading international sanctions.
A study suggests Bitcoin needs a costly and time-consuming update to protect against quantum computing threats. The update could take 76-305 days and cost up to $912 million, potentially impacting market confidence. While some experts consider the threat distant, the potential for disruption underscores the need for proactive security measures in the cryptocurrency space.
