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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
05/01/2026

North Korean Hackers Dominate Crypto Exploits with $285M Drift Protocol Breach

Security intelligence firm TRM Labs revealed that North Korean state-backed hackers now account for 76% of all cryptocurrency scam and hack losses in 2026.

North Korean Hackers Dominate Crypto Exploits with $285M Drift Protocol Breach

What happened: Security intelligence firm TRM Labs revealed that North Korean state-backed hackers now account for 76% of all cryptocurrency scam and hack losses in 2026. The latest major incident involved a sophisticated months-long infiltration of Drift Protocol, resulting in $285 million in losses through on-site social engineering tactics.

Why it matters: This represents a significant escalation in both the scale and sophistication of state-sponsored crypto attacks. North Korean hackers have stolen $6 billion since 2017, with their dominance increasing dramatically this year as traditional DeFi security measures prove insufficient against advanced persistent threats combining physical and digital infiltration methods.

Source: CoinDesk