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Crypto’s Darkest Half-Year? North Korea’s $2.1B Heist Exposes Industry’s Weakest Link

Crypto’s Darkest Half-Year? North Korea’s $2.1B Heist Exposes Industry’s Weakest Link

Author:
CoindeskEN
Published:
2025-06-27 11:58:08
6
1

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

Crypto just bled out its worst six months on record—and Pyongyang’s cyber-bandits are holding the scalpel. $2.1 billion vanished before exchanges could even tweet 'funds are safu.'

Hack Attack Hot Streak

North Korea’s Lazarus Group turned decentralized finance into their personal ATM, draining protocols dry while security teams scrambled. The take? Enough to fund a nuclear program—or bail out a mid-tier crypto VC.

Security Theater Crashes

Multi-sig wallets? Bypassed. Audits? Worth less than a meme coin whitepaper. The industry’s 'trustless' mantra now reads like a tragic punchline—right as regulators sharpen their knives.

Silver Lining Playbook

Every hack tightens infrastructure. Every stolen dollar forces smarter contracts. The road to mainstream adoption, it seems, is paved with stolen stablecoins.

Wake-up call or death rattle? Either way, the next six months will separate the builders from the bagholders.

|Square

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