North Korea Refutes Crypto Hack Claims, Warns of Counter Measures
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North Korea denies US accusations of state-backed cybercrime after reports linking Pyongyang to over $6 billion in cryptocurrency theft since 2017. Recent high-value DeFi incidents cited: ~$290M KelpDAO exploit and $289.7M Drift Protocol theft, underscoring security risks for DeFi, DEX/CEX infrastructure and token holders. Allegations could drive heightened regulatory scrutiny and security spending, weigh on token confidence and crypto adoption.
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- North Korea rejected US cybercrime accusations, calling them politically motivated.
- Reports link Pyongyang to over $6 billion in cryptocurrency theft since 2017.
- Recent attacks include over $290M KelpDAO exploit and a $289.7M Drift Protocol theft.
North Korea rejected accusations from the United States that it is behind the global cybercrime and cryptocurrency theft. The country called the claims “absurd slander” and said they are designed to damage its image.
A statement from the Foreign Ministry, as per reports, said Washington is pushing a “non-existent cyber threat” narrative. The ministry accused the US of coordinating with media and institutions to build a false perception of North Korea’s role in global hacking activity.
Pyongyang said cyber issues are being used as a political tool to interfere in its sovereignty and internal affairs. It warned…
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