Lykke Exchange Liquidated After $23 Million Crypto Hack by Lazarus Group

In June 2024, cryptocurrency platform Lykke Exchange was forced into liquidation after a $23 million heist attributed to North Korea’s Lazarus Group. This attack significantly impacted the exchange’s financial stability, leading to heavy losses in Bitcoin and Ethereum (BTC and ETH), ultimately shutting down its operations. The incident highlights vulnerabilities within crypto security and the need for greater regulatory oversight across exchanges.