North Korean Hackers Target Crypto Bridges for Laundering, Raising Security Concerns

Recent high-frequency crypto laundering via cross-chain bridges has raised serious security concerns as North Korean hackers are increasingly employing this method to conceal stolen funds. The attacks have already resulted in a significant loss of $15 million. ZachXBT’s investigation revealed that North Korean state-sponsored groups exploit these bridges for money laundering, further complicating the market stability. 2023 has seen numerous breaches, including the Bybit incident, which has highlighted the vulnerability of cross-chain platforms to illicit activities.