Story perspectives

North Korean Hackers Steal $2 Billion in Crypto Heist

10/8/2025

Summary

Story summary

North Korean hackers stole $2 billion in cryptocurrency in 2025, including $1.46 billion from Bybit in February.
The theft lifts total since 2017 to $6 billion, funding the regime's nuclear and missile programs.
The largest loss occurred in February, with $1.46 billion taken from the Bybit exchange.
Hackers target high-net-worth individuals through social engineering.
Elliptic cautions many thefts go unreported, complicating attribution, while the regime is accused of running a fake IT workers program.

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Story summary

North Korean hackers stole $2 billion in cryptocurrency in 2025, including $1.46 billion from Bybit in February.
The theft lifts total since 2017 to $6 billion, funding the regime's nuclear and missile programs.
The largest loss occurred in February, with $1.46 billion taken from the Bybit exchange.
Hackers target high-net-worth individuals through social engineering.
Elliptic cautions many thefts go unreported, complicating attribution, while the regime is accused of running a fake IT workers program.