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North Korea linked to 89% of 2026 crypto hack losses, Chainalysis says

By Lawrence Mondal

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…

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Sanctions

Penalties such as trade bans, asset freezes or travel bans imposed by one or more countries on another country, group or person.

Sanctions are used to pressure governments without military action, with costs for both sides.

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Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

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