Bybit and Crypto Security in Focus as G7 Tackles North Korea’s Cyber Threats

The upcoming G7 summit will address North Korea’s use of cryptocurrency hacks, including attacks on platforms like Bybit, to fund its weapons programs. This highlights the growing intersection of cybersecurity, geopolitics, and digital assets in global finance.

G7 to Address North Korea’s Crypto Hacks in Upcoming Summit

G7 leaders are set to confront North Korea’s exploitation of cryptocurrency hacks to finance its weapons programs during next month’s summit. The discussions come amid escalating geopolitical tensions and growing evidence of Pyongyang’s cyber warfare capabilities.

North Korean cyber units have stolen billions through sophisticated attacks, including high-profile breaches targeting Axie Infinity and Bybit. The regime’s deepening ties with Russia and advancing technical prowess have raised alarms among Western officials.

The talks will focus on mitigation strategies against these crypto-funded threats, particularly as they relate to international security concerns and U.S.-G7 trade relations.

German Authorities Seize €34 Million from Crypto Laundering Hub eXch

German authorities have dismantled eXch, a crypto swapping service allegedly central to global cybercrime. The Frankfurt Public Prosecutor’s Office and Federal Criminal Police seized €34 million in digital assets along with eight terabytes of operational data—marking Germany’s third-largest crypto confiscation.

On-chain investigator ZachXBT linked eXch to major hacks including the Bybit exploit and $243 million Genesis Creditor theft. The platform operated since 2014 without freezing stolen assets or cooperating with law enforcement.