North Korea linked to majority of 2025 crypto hack losses

North Korea-linked hackers stole roughly 60 percent of all cryptocurrency losses from hacks worldwide in 2025, amounting to about $2.06 billion, according to blockchain security firm CertiK.

The funds are assessed to have supported North Korea’s nuclear and missile programs. State-sponsored groups now dominate crypto crime, with sophisticated cross-chain laundering networks used to move the stolen assets.

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Illustration of South Korean traders reacting to plunging stocks and Bitcoin below $63,000 with liquidation alerts.
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South Korea stock plunge sends Bitcoin below $63,000

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South Korea’s benchmark stock index plunged nearly 10 percent on June 23, dragging Bitcoin below $63,000 and triggering more than $700 million in crypto liquidations. The selloff followed an admission by regulators that they had rushed approval of leveraged exchange-traded funds tied to major chipmakers.

North Korean state-backed hackers have stolen more than $6 billion in cryptocurrency since 2017, accounting for 76% of all crypto hack losses in 2026. The groups, including Lazarus and DPRK, drained $577 million from DeFi platforms in April alone. TRM Labs highlighted a shift to sophisticated tactics, including in-person social engineering.

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Reported technology crimes in Hong Kong fell 6.9 per cent in 2025, yet losses from hacking more than doubled to HK$62.6 million. Police officials linked the rise to high-value attacks on financial institutions and cryptocurrency platforms.

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