In the context of rising geopolitical tensions, G7 leaders – including the US, Canada, UK, France, Germany, Italy, and Japan – will hold a summit in Alberta, Canada from June 15-17, with a notable topic being the impact of crypto hacks conducted by North Korea.



🔍 North Korea is accused of using stolen crypto to develop weapons


Reports indicate that the Democratic People's Republic of Korea (#DPRK ) has carried out numerous cyber attacks on the crypto industry to steal billions of dollars, thus financing its weapons of mass destruction development programs.


Notable hacks include:



  • Axie Infinity: Stolen $622 million.



  • WazirX: Lost $230 million.



  • Bybit (02/2025): Losses up to $1.4 billion, the largest hack in the industry to date, with North Korea's Lazarus group being explicitly named as the perpetrator.





🧠 North Korean hackers are becoming increasingly sophisticated


North Korea is said to have built an extremely professional cyber attack network, notably the Lazarus group, along with many other groups operating in the shadows. These groups:



  • Using increasingly sophisticated tactics, hard to trace the origins.



  • Share tools and knowledge with allies like Russia, making investigations more difficult.



  • Focus attacks on blockchain protocols, exchanges, decentralized wallets, exploiting security vulnerabilities.





🛡 G7 prepares to respond: Prevent, hold accountable, tighten controls


At the upcoming conference, #G7 will discuss solutions to prevent and respond to cybercrime activities related to crypto, including:



  • Enhance international cooperation on blockchain cybersecurity.



  • Share information and techniques for transaction tracing.



  • Establish a global legal framework to deal with state actors using crypto as a funding tool.




Moreover, trade tensions and issues related to US-Russia-North Korea relations will also be discussed, especially as North Korea is suspected of providing military support to Russia in the conflict in Ukraine.




With hacks worth billions of dollars, blockchain security is becoming a vital issue. The G7 bringing this topic to the agenda is a clear wake-up call: DeFi ecosystems, exchanges, and crypto projects need to upgrade security immediately.


Binance users and the crypto community should particularly pay attention to potential legal moves that may be proposed at the G7 summit, as they could affect wallet operations, management, trading, or KYC/AML in the future.



⚠️ Risk warning:

The crypto market may be strongly affected by geopolitical events and cybercrime. Users need to exercise caution, prioritize using reputable platforms, protect digital assets with strong security measures, and always stay updated on developments from global regulators.#anhbacong