Report: North Korean hackers caused $2 billion in cryptocurrency losses in 2025, a 51% year-on-year increase.

CoinFeed reported on May 15th that, according to Cointelegraph, a report released by cybersecurity firm CrowdStrike shows that North Korean hackers and threat actors caused over $2 billion in losses to crypto assets in 2025, a 51% year-on-year increase, despite a decrease in the number of attacks. CrowdStrike stated that North Korean hackers are the largest threat group targeting cryptocurrency users, and the stolen funds are almost certainly used to fund the regime's military programs. Attackers prioritize high-value targets, primarily Web3 projects and cryptocurrency exchanges, because stolen funds are easier to anonymize and transfer. In April of this year, the Ethereum Foundation identified 100 North Korean hackers, and Drift Protocol was infiltrated by North Korean tech workers, resulting in a $280 million loss. These threat actors established face-to-face relationships through third-party intermediaries.