Security experts: North Korea's "public" theft of cryptocurrency assets has become its means of financing

By: rootdata|2026/04/12 11:02:17
0
Share
copy

As the infiltration and attacks targeting the cryptocurrency industry continue to escalate, security experts point out that the core difference from hackers with backgrounds in other countries is that cryptocurrency assets have become an important direct source of financing for military expenses in that country. Reports indicate that during a recent months-long infiltration operation against Drift Protocol, North Korean hackers once again caused a stir in the industry.

Experts state that this model is not merely a "fund transfer tool," but rather a direct "predatory profit" mechanism used to bypass international sanctions and obtain immediately usable hard currency. Security researchers note that, unlike countries such as Russia and Iran, North Korea almost entirely lacks sustainable foreign economic and commodity export capabilities, making it more reliant on cryptocurrency theft as a core source of income to support its nuclear weapons and ballistic missile programs.

Experts also emphasize that North Korean hacker attack targets have expanded from simple phishing to exchanges, wallet services, and key holders of DeFi protocols, commonly employing long-term social engineering and identity disguise infiltration methods. Due to the characteristic of blockchain transactions being "irreversible once confirmed," the cryptocurrency industry is far weaker than the traditional financial system in terms of freezing and recovering funds, making such attacks more destructive in speed and scale. Security personnel warn that this type of "long-term infiltration + precise power seizure" attack model has yet to be effectively addressed by the industry.

-- Price

--

You may also like

What you bought on CEX is really not US stocks: Analyzing the 94% liquidation monopoly and the evaporation of equity under a five-layer pipeline

Peeling back its smooth trading interface to examine the underlying legal relationships and settlement processes, you will find that this is far from a simple "RWA asset revolution," but rather a complex game of interests involving spot pricing, rights ownership, and the monopoly of underlying custo...

In such a crowded cross-border payment arena, where is the next stop for the future?

Only by stepping into the mud can one have the chance to touch gold.

Why Is Bitcoin Down in 2026? What We Can Learn From 2022

Why is Bitcoin down in 2026? Bitcoin has just recorded its worst first half since 2022, with back-to-back quarterly losses, record ETF outflows, and extreme fear. Here's what history says, how 2026 differs from the last bear market, and the three signals traders should wat

The large models in the United States are moving towards closure in the name of security

The government successfully inserted itself as an approver between commercial AI models and their users for the first time.

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com