The number of North Korean cryptocurrency hacking incidents has surged, with theft and money laundering activities reaching an all-time high in 2025
According to The Block, a report by Chainalysis shows that North Korean hackers stole a record amount of cryptocurrency in 2025, totaling over $2.17 billion, which includes nearly $1.5 billion in Ethereum stolen from the Bybit platform, marking the largest single cryptocurrency hacking incident in history.Additionally, North Korean hackers have been accused of carrying out a recent $37 million attack on the South Korean exchange Upbit. Despite facing international sanctions, North Korea's cyberattacks continue to escalate, with hacker groups like Lazarus constantly optimizing their strategies to exploit vulnerabilities in the global blockchain and cryptocurrency space.Andrew Fierman, the head of national security intelligence at Chainalysis, pointed out that relying solely on sanctions is far from sufficient; coordinated action from the entire industry is needed to combat North Korea's increasingly sophisticated hacking and money laundering ecosystem. The regime is expected to continue relying on cryptocurrency hacking as a primary source of income.