What to know:
- North Korean state-backed hackers, mainly the DPRK and Lazarus groups, are blamed for about 76% of global crypto hack losses in 2026, or nearly $600 million, bringing their total haul since 2017 to more than $6 billion.
- TRM Labs says these hackers are becoming more precise and faster, using tactics that now include months-long, in-person social engineering campaigns like the Drift Protocol exploit and sophisticated key compromises such as the Wasabi Protocol attack.
- The $292 million KelpDAO breach, attributed to Lazarus, not only exploited a known technical flaw but also triggered one of DeFi’s largest-ever wipeouts, erasing about $13 billion from lending platforms and leaving Aave with a major bad-debt crisis that industry players are now trying to backstop.
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