#USCorePCEMay North Korean hackers have been linked to a massive $2.1 billion cryptocurrency theft in the first half of 2025, not $3.2 million. Here's what's known about the situation¹ ²:
- *Theft Amount:* The total losses amount to $2.1 billion, with North Korean groups responsible for approximately 70% of the stolen funds, which is around $1.47 billion.
- *Method of Attack:* The hackers exploited infrastructure vulnerabilities, such as private key theft and front-end hijacking, to gain unauthorized access to cryptocurrency systems.
- *Notable Incident:* A significant incident attributed to North Korean hackers was the $1.5 billion hack of a Dubai-based cryptocurrency platform, although it's unclear if this refers to the Bybit hack mentioned in other reports.
- *Global Security Concerns:* The sheer scale of these thefts has raised concerns about the security of the cryptocurrency industry and the potential for nation-state actors to use cybercrime as a tool of geopolitical strategy.
*Recent Reports:*
According to TRM Labs, the first half of 2025 has seen a record-breaking number of cryptocurrency thefts, with 75 documented incidents surpassing the previous half-year high from 2022 by approximately 10%.$ETH
#ETH#SOL