Skip to Primary Navigation

Long cons, fake assets, and false data: How North Korean-backed hackers stole $600m

North Korean propaganda poster
Photo: Getty Images

Extraordinary tale of two hacks raises many security questions for crypto industry.

Crypto hack losses totaling $600m in 2026 have been attributed to North Korean state-backed hackers in a new report from blockchain intelligence firm TRMLabs. That total amounts to 76% of global losses from crypto hacks – and resulted from just two attacks.

Increasingly sophisticated hacking operations include unprecedented in-person social engineering campaigns. It’s

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience