Lazarus Strikes Again: North Korea’s Cyber Army Linked to $23M Lykke Crypto Heist in UK

Another day, another crypto exchange gets raided—this time by state-sponsored hackers. North Korea's infamous Lazarus Group just added $23 million to its blockchain burglary spree, targeting UK-based Lykke. Who needs nukes when you've got keyboard warriors?

How They Did It: Same playbook, different victim. Spear-phishing, zero-day exploits, and good old-fashioned social engineering—because even in decentralized finance, human error remains the weakest link.

The Aftermath: While Lykke scrambles to plug holes, regulators are drafting yet another 'urgent framework' (read: paperwork exercise). Meanwhile, Lazarus launders the loot through privacy coins—because nothing says 'sanctions evasion' like Monero.

Wake-Up Call: If a $23M heist doesn't force exchanges to upgrade their cold storage game, maybe the next bank statement will—right after VCs finish writing off the loss as 'security R&D expense.'

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the shiba inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.