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In a stunning cyberattack that has rocked India’s cryptocurrency world, North Korea’s notorious Lazarus Group has been accused of stealing a jaw-dropping $235 million from the country’s largest crypto exchange. The hackers exploited security flaws to drain funds from both hot and cold wallets, targeting over 200 cryptocurrencies, including millions in Shiba Inu and Ether. This shocking heist is part of North Korea’s broader suspected strategy to use stolen cryptocurrency to fund its weapons programs. A joint statement from the U.S., Japan, and South Korea confirmed the attack, labeling it a “direct threat to global financial stability.” The breach has left Indian users outraged and questioning the safety of their investments as the exchange scrambles to recover the stolen funds.The incident underscores the growing menace of state-sponsored cybercrime and raises urgent questions about how the cryptocurrency industry can protect itself from such audacious alleged attacks.
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