North Korean Hackers Steal Record $2.7B in Crypto
Update: 2025-12-23
Description
2025 saw a record-breaking $2.7 billion cryptocurrency heist, the largest in history, attributed to North Korean state-sponsored hackers. The Bybit exchange was the main target, losing $1.4 billion. Other notable thefts included $223 million from Cetus, $128 million from Balancer, and over $73 million from Phemex. The total haul for North Korean hackers since 2017 is estimated at $6 billion, funding their nuclear weapons program despite international sanctions.
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