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BTCC / BTCC Square / Global Cryptocurrency /
THORChain Co-Founder Loses $1.3 Million to North Korean Hack

THORChain Co-Founder Loses $1.3 Million to North Korean Hack

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-09-12 17:33:02
0
BTCCSquare news:

THORChain co-founder John-Paul Thorbjornsen confirmed the loss of $1.3 million in personal funds after North Korean hackers exploited an old MetaMask wallet linked to his iCloud. The breach, executed via a video call—a known tactic of the Lazarus Group—targeted forgotten private keys while leaving multisig wallets untouched.

ZachXBT highlighted the irony, noting THORChain’s historical ties to laundering proceeds from prior hacks. The incident underscores North Korea’s escalating cybercrime spree, which has plagued crypto projects globally. THORSwap has since offered a bounty for the stolen funds.

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