North Korean Hackers Steal $2 Billion in Crypto: Surge in High-Value Attacks and Personal Wallet Breaches

December 18, 2025
North Korean Hackers Steal $2 Billion in Crypto: Surge in High-Value Attacks and Personal Wallet Breaches
  • US policymakers are scrutinizing the issue, with calls for investigations into how illicit actors use DeFi protocols to fund illicit activities.

  • Looking ahead to 2026, DPRK is expected to continue seeking vulnerabilities, pressuring centralized exchanges and evolving attack vectors across protocols like Balancer and Yearn to maximize returns while evading sanctions.

  • Officials warn that deterrence is hampered by North Korea’s isolation and ongoing sanctions, implying continued illicit financing through cybercrime.

  • In 2025, North Korean hackers stole a record $2.02 billion in cryptocurrency, up 51% from the previous year, bringing their total since the start of the decade to about $6.75 billion and accounting for 158,000 personal wallet hacks.

  • Although the number of known incidents fell, losses were larger on average, driven by a major Bybit breach in March and a shift toward high-value attacks against large services.

  • Personal-wallet compromises surged, with roughly 80,000 unique victims affected and 158,000 incidents, representing about 20% of the year’s value stolen, while losses from individual wallets declined overall due to smaller per-incident amounts.

  • There is a notable shift away from DeFi protocols toward personal wallets and centralized services, with persistent use of fake IT workers and social engineering to access targets.

  • High-value targets remain AI and blockchain firms, as attackers seek to understand internal workflows and security gaps to maximize impact.

  • Security researchers report DPRK operators recruiting collaborators via freelance platforms to expand operations, instructing on credential sharing and account manipulation to act under victims’ verified identities.

  • Law enforcement and the private sector are urged to disrupt funds quickly through rapid, industry-wide cooperation to counter high-impact exploits.

  • Venus Protocol’s rapid security response—enabled by Hexagate monitoring, a swift protocol pause, force-liquidation, and governance-based asset freezes—demonstrates tangible security improvements in DeFi.

  • Despite rising security in DeFi and capital returning to the space, overall hacking risk remains, as threats persist from large exchanges and individual wallets.

Summary based on 11 sources


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