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Bitcoin ETFs are next major target for North Korean hackers — Cyvers

Bitcoin ETFs are next major target for North Korean hackers — Cyvers

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Source: Coin Telegraph

North Korean hackers could be eying the infrastructure around Bitcoin ETFs, lured by the $52 billion worth of cumulative holdings.

North Korean hackers, including the infamous Lazarus Group, may begin targeting larger objectives, including United States-based Bitcoin (BTC) exchange-traded funds (ETFs).

The Lazarus Group is associated with some of the most notorious hacks in the cryptocurrency space, including the biggest hack in decentralized finance, the $625 million Ronin bridge hack.

Hackers could start shifting their attention to the US Bitcoin ETFs due to the sizable potential bounty, according to Michael Pearl, vice president of GTM strategy at onchain security company Cyvers.

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Author: Zoltan Vardai