The North Korean hacker group Lazarus Group is likely behind the hack of the UK-registered cryptocurrency exchange Lykke, resulting in the theft of $22.8 million in cryptocurrency. This was reported by the UK Office of Financial Sanctions Implementation (OFSI) on August 18, 2025. The attackers stole 158 $BTC and 2161 $ETH , leading to the suspension of trading and the liquidation of the exchange in March 2025. More than 70 customers filed claims seeking compensation of £5.7 million.
Israeli analytics company Whitestream confirmed Lazarus' involvement, noting that the stolen funds were laundered through platforms with low anti-money laundering measures. However, some experts believe the evidence is insufficient for definitive conclusions. The Lykke hack became the largest cryptocurrency fraud targeting the British platform, underscoring the vulnerability of the crypto market.
The Lazarus Group is also linked to the theft of $1.5 billion from Bybit and $44 million from CoinDCX in 2025, indicating an increase in activities by North Korean hackers to fund state programs.
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