SEOUL, April 22 — A notorious North Korean hacking group is likely behind the theft of nearly US$300 million (about RM1.19 billion) in cryptocurrency over the weekend, an...
A notorious North Korea hacking group is likely behind the theft of nearly US$300 million in cryptocurrency from KelpDAO, in the biggest known crypto heist of 2026 so far. — Reuters file pic! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min.
cash-in of RM100 today. T&Cs apply.SEOUL, April 22 — A notorious North Korean hacking group is likely behind the theft of nearly US$300 million in cryptocurrency over the weekend, an affected party has said, in the biggest known crypto heist this year. It is the latest such incident linked to North Korea, whose sophisticated cybercrime programme uses stolen cryptocurrency to help fund its nuclear weapons development, according to a United Nations panel. Digital currency news site CoinDesk said the heist on the vault of online investment tool KelpDAO on Saturday was 2026’s biggest crypto exploit so far. During the hack, two blockchain servers hosted by another crypto tech application called LayerZero were compromised, KelpDAO said yesterday. That allowed a cryptocurrency token linked to the major Ethereum currency to be “drained” from KelpDAO, it said.“Preliminary indicators suggest attribution to a highly-sophisticated state actor, likely DPRK’s Lazarus Group,” LayerZero said, using the initials of North Korea’s official name.Blockchain technology allows transactions to do away with middlemen, including governments and banks — a concept known as decentralised finance . “This will make it more scary for new entrants to enter the DeFi world,” said Henri Arslanian, co-founder of Nine Blocks Capital Management. “This is clearly the job of North Korea’s Lazarus group. No other group globally has the expertise and muscle power to conduct such a hack,” he said today in a note. A UN panel estimated in 2024 that North Korea had stolen more than US$3 billion in cryptocurrency since 2017. Last year, the US accused North Korea of being behind the theft of US$1.5 billion worth of digital assets, then the largest crypto heist in history. — AFP
North Korea Cybercrime Crypto Heist 2026 Kelpdao Exploit Layerzero Blockchain Decentralised Finance Defi
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Seoul: North Korea fired ballistic missiles towards East Sea, flexing muscle amid Middle East warJEDDAH: Johor Darul Ta'zim's (JDT) hopes of becoming the first Malaysian club to reach the AFC Champions League (ACL) Elite semi-finals were dashed after a narrow 1-2 defeat to defending champions Al-Ahli on Friday (April 17).
Read more »
Japan warns of ‘huge’ earthquake after 7.7-magnitude tremor strikes north-eastern coastJEDDAH: Johor Darul Ta'zim's (JDT) hopes of becoming the first Malaysian club to reach the AFC Champions League (ACL) Elite semi-finals were dashed after a narrow 1-2 defeat to defending champions Al-Ahli on Friday (April 17).
Read more »
Jollibee Foods acquires Korean hot pot chain operator Shabu All Day for 130 bln wonSEOUL: Jollibee Foods Corp., the leading fast food chain operator of the Philippines, has acquired a 100 per cent stake in All Day Fresh, the operator of South
Read more »
Duo claimed they could halt MACC’s Revenue Group probe, court toldThe two corporate figures are among several named in a Bloomberg report in late February about a so-called 'corporate mafia' involving MACC.
Read more »
Fresh from Korea: Junghee brings subtle and fun creations under its Korean fusion cuisine label to The CampusKUALA LUMPUR, April 22 — You would have been hiding under a rock, if you hadn’t noticed that the Klang Valley is having a Korean food moment. Perhaps it’s not so noticeable...
Read more »
Act fast to cushion impact of rising costs, Sabah consumer group urges govtLONDON, April 22 (Reuters) - European mobile and broadband operator Vodafone said it would offer its small business customers advanced cybersecurity and agentic AI through its $1 billion strategic tie-up with Google Cloud agreed in October 2024.
Read more »