North Korea Accused of $2.84 Billion Crypto Heist: A Major Blow to Global Systems

New reports reveal that North Korean cyber units have orchestrated a significant crypto theft, draining over $2.8 billion from cryptocurrency exchanges between early 2024 and September 2025. The operation leverages Chinese financial platforms for laundering funds, according to the MSMT report. This theft underscores major vulnerabilities in global cryptocurrency systems, causing market volatility and demanding stronger international collaboration to combat cybercrime.