Episode Details

This story was originally published on HackerNoon at: https://hackernoon.com/how-dprk-hackers-claimed-51percent-of-2025s-crypto-losses.
North Korea-linked hackers drove over 51% of 2025’s $4B crypto losses, shifting from code exploits to social engineering and OTC laundering networks.
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In 2025, DPRK-linked groups accounted for over $2B of the $4B lost in Web3 hacks, targeting centralized exchanges through social engineering rather than code flaws. The Bybit breach alone neared $1.5B. Stolen funds moved through a “Chinese laundromat” of OTC brokers and cross-chain routes. As state-backed cybercrime industrializes, exchanges like Binance are hardening defenses with Red Team training and real-time monitoring.