Crypto-related thefts in 2025 resulted in $3.4 billion in losses, according to a Chainalysis report, which includes North Korea's state-sponsored hackers stealing $2.02 billion over the year to December. Chainalysis CEO Jonathan Levin helps define the methods that these hackers employ to hack major corporations, including infiltrating a company by getting hired or working on the premises. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here: https://fi ...

🚨 ALERT: Crypto theft surpassed $3.4B in 2025, per Chainalysis. https://t.co/7S88vNlc7H ...

Core Points - The US Treasury has sanctioned eight North Korean nationals and two companies for their involvement in laundering funds from cryptocurrency theft and fraudulent IT work to support North Korea's nuclear weapons program [1][2][5] - North Korean hackers have stolen over $3 billion in cryptocurrency in the past three years, with a significant portion used to fund weapons programs [2][5] - The sanctions target a network that includes state bankers, cybercriminals, and IT workers operating in China, Russia, and North Korea [1][4][6] Group 1: Sanctions and Targets - The sanctioned individuals include Jang Kuk Chol and Ho Jong Son, who managed $5.3 million in cryptocurrency for First Credit Bank [3] - The Korea Mangyongdae Computer Technology Company and its president U Yong Su were sanctioned for operating IT-worker delegations in China [4] - Ryujong Credit Bank and several North Korean representatives in China and Russia were also targeted for facilitating transactions for other sanctioned banks [6] Group 2: Methods and Impact - North Korean hackers utilized advanced malware and social engineering to execute thefts, including a notable $1.5 billion theft from Bybit [2] - IT workers in North Korea collaborated with foreign freelancers to conceal the origins of their earnings [5] - The Treasury emphasized that these activities pose a direct threat to US and global security [5]

Group 1: SwissBorg Incident - SwissBorg reported that approximately 192,600 SOL, valued at $41.5 million, was stolen from an external wallet used for its SOL Earn strategy due to a compromised API from a partner [1] - The exploit affected fewer than 1% of users and represented about 2% of SwissBorg's total assets, with all other funds and strategies remaining secure [1] - SwissBorg is pausing SOL Earn redemptions while recovery efforts are underway and has committed to covering any shortfall to ensure no user losses [1] Group 2: Ledger Warning - Ledger's CTO, Charles Guillemet, warned of a large-scale supply chain attack after a reputable developer's NPM account was compromised, with malicious code affecting packages with over 1 billion downloads [2] - The malicious code is designed to swap crypto wallet addresses in transactions, potentially leading users to send funds directly to the attacker [2] - Guillemet noted that almost zero crypto users were affected by the hack, highlighting the interconnectedness of open-source software and the rapid impact of security lapses in developer tools on the crypto economy [2]