SBI Crypto Hit by $21M North Korean-Linked Hack - Security Crisis Deepens

Another day, another crypto heist—this time hitting Japanese financial giant SBI's digital asset arm.

The $21 Million Breach

SBI Crypto confirms staggering losses after sophisticated attack vectors bypassed multiple security layers. Digital forensics point to Lazarus Group signatures—the same DPRK-backed hackers that have stolen billions from crypto projects worldwide.

Institutional Security Under Fire

Regulators scramble as established financial players prove vulnerable to state-sponsored attacks. The breach exposes critical gaps in corporate crypto custody solutions—ironic given traditional finance's constant warnings about cryptocurrency risks.

North Korea's Crypto Funding Machine

Intelligence agencies track stolen funds moving through mixer services and decentralized exchanges. The regime's digital heists now fund weapons programs more effectively than their actual economy—talk about finding your competitive advantage.

When banks get hacked, it's a security incident. When crypto gets hacked, it's proof the entire system is flawed—even when the hackers are nuclear-armed nation states.