North Korea crypto hack sees $290M stolen from Kelp DAO, raising serious concerns about blockchain security vulnerabilities.
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North Korea Hackers Blamed For $290M Crypto Theft
North Korea Crypto Hack: $290M Theft Raises Global Alarm The latest North Korea crypto hack has sent shockwaves across the digital asset industry after hackers stole more than $290 million from a decentralized finance protocol. The attack targeted Kelp DAO and exploited weaknesses in cross-chain infrastructure, raising urgent questions about blockchain security, investor safety, and the growing sophistication of state-backed cybercrime. If you’re wondering how the hack happened, who is responsible, and what it means for crypto users, here’s everything you need to know. A Massive Crypto Theft That Shook the Market The scale of this breach is hard to ignore. More than $290 million in cryptocurrency was siphoned off in a single coordinated attack, making it the largest crypto theft reported so far this year. The incident places Kelp DAO at the center of an escalating cybersecurity crisis within decentralized finance, often referred to as DeFi. The attack didn’t just affect one platform. It a…