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Crypto’s Bleeding Half-Year: North Korea’s $2.1B Heist Spooks the Market

Crypto’s Bleeding Half-Year: North Korea’s $2.1B Heist Spooks the Market

Author:
Coindesk
Published:
2025-06-27 11:58:08
8
2

Crypto’s Worst Six Months Yet? North Korea Hacks Lead to $2.1B in Thefts

Crypto just got punched in the gut—hard. The first six months of 2025 saw North Korea-linked hackers loot a staggering $2.1 billion from digital vaults. That’s not a typo. Billions. Gone.

How’d they do it? Old-school cyber-siege tactics meets blockchain’s wild west. Lazarus Group and friends bypassed firewalls, exploited smart contracts, and vanished into the crypto shadows. Meanwhile, exchanges scrambled to patch holes—after the fact, as usual.

Investors? Left holding the (empty) bag. ‘Decentralized’ doesn’t mean ‘unhackable,’ folks. And regulators? Already drafting toothless statements while VCs quietly shift funds to ‘AI-powered security’ startups. Because nothing fixes a crisis like a buzzword band-aid.

Here’s the kicker: crypto markets barely blinked. Bitcoin dipped 3% before bouncing back—because nothing fuels adoption like a high-profile crime spree. Wall Street would’ve halted trading. Crypto? We call it Tuesday.

|Square

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