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Illustration of North Korean hackers in a cyber command center stealing a record $2 billion in cryptocurrency from global exchanges like Bybit.
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North Korea steals record $2 billion in cryptocurrency in 2025

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North Korean hackers stole a record $2.02 billion in cryptocurrency in 2025, according to a new Chainalysis report, surpassing the previous year's haul by 51 percent and bringing their total to $6.75 billion. The thefts, which accounted for 60 percent of the global total of $3.4 billion stolen, were driven by fewer but larger attacks, including a $1.5 billion breach of the Dubai-based Bybit exchange in February. Experts attribute the success to sophisticated tactics like embedding IT workers in crypto firms and impersonating recruiters.

Bybit has introduced tokenized fixed-income products from PIMCO and China Merchants Bank International. The offerings are available through the exchange's newly launched RWA Earn platform.

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Bybit has introduced its IPO Express service to provide tokenized shares in the upcoming SpaceX public offering. The Dubai-based crypto exchange is the second to offer such access after Kraken. Eligible users worldwide can subscribe during a registration period from June 7 to 11.

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