Bybit says it blocked over $700 million in potential user losses in early 2026, underscoring how exchange security is now a minutes-long arms race against fast-moving attackers. The claims are self-reported, but the message is clear: in crypto custody, speed is survival.
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North Korea-linked Kimsuky is back on crypto’s radar, but claims that it’s using AI for phishing remain unconfirmed. The real threat is familiar: spearphishing, social engineering, and crypto firms still being prime targets for one of cyber’s oldest scams.
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North Korea-linked hackers are reportedly using local AI tools to make crypto attacks faster, stealthier, and more convincing — from phishing lures and malware work to target profiling. It’s not sci-fi; it’s off-the-shelf tech being weaponized for a very real theft machine.
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Bybit is pressing a U.S. court to help trace and freeze funds from its $1.5 billion February hack, with more than $30.5 million still locked across exchanges and custodians. It’s progress, but frozen money isn’t recovered money—and most of the loot is still missing.
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Bybit is taking North Korea and the Lazarus Group to U.S. court after a reported $1.5 billion crypto hack, securing a freeze on identified stolen assets while chasing recovery. The case underscores how state-linked cybercrime keeps testing crypto’s security, custody, and trust.
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Bybit has sued North Korea, its military intelligence unit, and the Lazarus Group in U.S. court over the $1.5 billion crypto hack, as a judge freezes some assets while investigators race to track the stolen Ether before it vanishes for good.
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Crypto theft stayed ugly in H1 2026, with a record 207 incidents and $972 million lost, even as damage fell from last year’s brutal totals. The real warning: smaller exploits rose, but operational failures and North Korea-linked thefts still did the heaviest damage.
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Crypto hacks hit a record 207 incidents in H1 2026, but losses came in at $972M, below the $1B mark. TRM Labs says smart contract bugs drove the most attacks, while key thefts and infrastructure failures caused most of the damage.
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North Korea reportedly arrested former military hackers accused of stealing from state banks and laundering the funds through crypto, though the claim remains unverified. The case underscores a familiar truth: the blockchain is only part of the trail — the real weakness is cashing out.
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North Korea-linked hackers stole 66.2% of all crypto taken in H1 2026, even as total losses fell to $972 million. TRM Labs says hacks hit a record 207, but the real damage came from infrastructure and operational failures, not just smart contract bugs.
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