Binance Raises Alarm on North Korean Cyber Attacks in Crypto Market

North Korea has become a significant threat to the cryptocurrency market, with the Lazarus Group using sophisticated tactics to target crypto exchanges and companies. Binance’s Chief Security Officer Jimmy Su revealed that these hackers employ deepfakes, AI-generated identities, and infiltration of remote job roles to disguise their attacks. This has resulted in $1.6 billion in losses from the first half of 2025 alone. Su explained that these attackers pose a serious threat by disguising themselves as job seekers with fake identities. These operations have significantly impacted major cryptocurrencies like ETH and BTC, highlighting the need for heightened security measures across the industry.