G7 summit could discuss North Korea’s crypto hacks: Report
G7 leaders may address North Korea's rising cyberattacks and cryptocurrency thefts at an upcoming summit in Canada. While the primary focus will be on conflicts in Ukraine and Gaza, North Korea's cyber threats are increasingly concerning. North Korean hacking groups, including the Lazarus Group, have stolen billions in cryptocurrency, with a notable $1.4 billion hack on Bybit in February. In 2024, over $1.3 billion was stolen through 47 crypto heists. The US, Japan, and South Korea have warned about North Korean tech workers infiltrating crypto companies as insider threats. These cyber operations fund North Korea's weapons programs and help it evade international sanctions. Recent incidents include Lazarus-affiliated shell companies delivering malware and an attempted infiltration of Kraken by a North Korean hacker, which was thwarted through security measures.
