DWF Labs Allegedly Hit With $44 Million Crypto Theft by North Korea-linked Group

A market maker named DWF Labs allegedly faced a significant loss of $44 million in a cyberattack attributed to the North Korea-linked hacking group AppleJeus, which occurred in September 2022. According to reports from PANews, these funds were primarily taken in USDC and USDT but transferred across various chains into Bitcoin before eventually being deposited into a mixing service called Mixero. The incident is still unconfirmed by DWF Labs as of November 2025, despite details provided regarding related transactions and unused Bitcoin addresses.