North Korean hackers blamed for record spike in crypto thefts in 2025 | TechCrunch

Image for article North Korean hackers blamed for record spike in crypto thefts in 2025 | TechCrunch
News Source : TechCrunch

News Summary

  • Hackers have stolen more than $2 billion in crypto during the first half of 2025, according to new data.
  • It's the worst year-to-date on record for crypto thefts.
  • Much of the stolen crypto this year was attributed to a single breach at crypto exchange Bybit.
  • North Korea has become a formidable threat in recent years by targeting Western companies to steal cryptocurrency with the aim of funding its sanctions-enforced nuclear weapons program.
  • It has also relied on thousands of remote IT workers, who infiltrate tech companies to earn a wage, steal intellectual property, and then extort companies into paying so as not to publish their sensitive files.
Hackers have stolen more than $2 billion in crypto during the first half of 2025, according to new data from crypto analysis firm Chainalysis, marking the worst yeartodate on record for crypto thef [+1430 chars]

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