The digital war knows no borders. Just weeks before the G7 summit, cyberattacks orchestrated by North Korea through crypto platforms are becoming a global security priority. A coordinated response is taking shape, in the face of a threat that combines technology, finance, and political strategy.
The week starts in the red—it's a bloodbath for crypto. Ethereum, Solana, and the market are plunging. Even Bitcoin isn't spared.
The security of exchange platforms is a central issue in the crypto universe. A new attack has highlighted the increased vulnerability of the sector: Bybit, one of the most influential exchanges, suffered an exceptionally large hack, with an estimated loss of 1.5 billion dollars in Ethereum. The incident sheds light on the complexity of attacks targeting crypto infrastructures, as well as the challenges platforms face in protecting their users' funds. According to initial investigations, the attack is attributed to the Lazarus group, a cybercriminal organization affiliated with North Korea, already responsible for several massive hijackings in the sector. Bybit claims it can cover the losses, but the event raises questions about the resilience of exchanges in the face of growing threats.
'Web2 is not safe,' comments Curve Finance, which also fell victim to a cryptocurrency hack resulting in a loss of $52 million at the end of July. Balancer, a decentralized finance (DeFi) protocol deployed on Ethereum, has reported a recent attack on its frontend resulting in the loss of $238,000 in cryptocurrencies. Thus, the list of DeFi hacks continues to grow. Let's break it down!