North Korea has vehemently denied allegations that it’s the mastermind behind a current wave of high-profile worldwide cryptocurrency hacks.
“Hermit Kingdom” has described the claims as “false info” in response to inquiries from the Korean Central Information Company. A spokesperson for North Korea’s Overseas Ministry has described the hacking allegations as “absurd slander” that’s meant to break Pyongyang’s world picture for political functions.
The ministry has accused the USA of making an attempt to unfold a “distorted notion” of North Korea.
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North Korea has threatened to take all essential measures to guard its pursuits.
Excessive-profile hacks
These forceful denials come after the worldwide neighborhood and U.S. intelligence businesses have spent years figuring out North Korea-linked hacking syndicates, such because the notorious Lazarus Group, as the principle suspects in huge cryptocurrency thefts.
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The Lazarus Group initially drew main world consideration following the 2014 Sony Footage hack. The group has since been linked to different main cybercrimes. Most not too long ago, it was allegedly answerable for the assault on the decentralized finance platform KelpDAO that resulted within the theft of about $290 million to $292 million in cryptocurrency.
In February 2025, the FBI confirmed that North Korea was answerable for stealing roughly $1.5 billion in digital property from the cryptocurrency change Bybit.
In July 2024, North Korean state-sponsored hackers additionally breached WazirX, India’s largest cryptocurrency change, and managed to steal $235 million.
In response to blockchain intelligence agency TRM Labs, North Korean hackers have stolen over $6 billion in cryptocurrencies since 2017.
North Korea’s share of worldwide crypto hacking losses has reportedly surged to a staggering 64% in 2025.