North Korean Hackers Steal $500M Worth of Crypto in Two Weeks
Cryptocurrency markets are coming under fresh strain after hackers believed to be linked to North Korea executed two major breaches, draining more than $500 million in just over two weeks. The incidents targeting Kelp DAO and Drift point to a more organized pattern aimed at structural flaws within decentralized finance rather than isolated software bugs. The most costly of the two attacks hit Kelp DAO, where losses surpassed $290 million, making it the largest known crypto theft this year. Hackers took advantage of weaknesses in the system’s design, especially its reliance on a single validation layer. They were able to…





