[Watcher Guru] JUST IN: North Korean hackers have stolen $12,800,000,000 in crypto since 2...
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North Korean hackers have stolen $12.8 billion in cryptocurrency since 2017, an amount equivalent to roughly 45% of the country's GDP, according to new data. The cumulative figure underscores how crypto theft has become a major revenue source for Pyongyang, with state-linked groups such as Lazarus Group repeatedly targeting exchanges, bridges and DeFi protocols. The disclosure comes as the industry continues to grapple with high-profile exploits, including the roughly $1.5 billion Bybit hack in February 2025, the largest crypto heist on record. The scale of losses has pushed exchanges and protocols to tighten custody, multisig controls and on-chain monitoring. Market participants will watch whether recovery efforts and international sanctions enforcement can curb future theft, and whether insurers and institutional allocators reprice security risk accordingly.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
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