North Korea’s Crypto Heist Strategy Deepens with KelpDAO HacK
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North Korea-linked actors (Lazarus/APT38) are blamed for the KelpDAO/LayerZero exploit that drained about $290–$292M; past attributed breaches include Bybit $1.5B, Ronin $620M, DMM $308M, WazirX $235M. Analysts say attackers exploited infrastructure and verification design flaws rather than core cryptography, highlighting systemic bridge/interop and protocol risks across DeFi and cross‑chain services. The incident amplifies crypto security and regulatory risk, increasing scrutiny on LayerZero, bridges and interoperability providers and likely weighing on market sentiment and adoption.
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- North Korea has been behind nearly every major crypto hack that traders remember, with the KelpDAO and LayerZero-linked exploit.
- The latest attack drained about $290 million to $292 million, placing it near the top of the modern crypto hack list.
- Analysts said the attackers did not break core cryptography but instead exploited infrastructure and verification design.
North Korea-linked hackers are once again at the center of the crypto security debate after the KelpDAO exploit pushed another major DeFi breach onto the list of the industry’s biggest thefts.
On X, Stacy Muur wrote that North Korea has been behind almost every major crypto hack the market remembers, listing Bybit at $1.5 billion, Ronin at $620 million, DMM Bitcoin at $308 million, WazirX at $235 million, and several other incidents tied to Lazarus, APT38, TraderTraitor, or affiliated units.
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