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CryptoPotato1 min read
North Korea Denies Crypto Hacks
TL;DR
North Korea has denied allegations of being behind recent cryptocurrency hacks, calling the claims 'false information' and 'absurd slander.' The country accuses the U.S. of spreading distorted perceptions to damage its global image.
Key points
- North Korea denies involvement in cryptocurrency hacks
- Claims described as 'false information' and 'absurd slander'
- Accusations aimed at damaging North Korea's global image
- North Korea threatens to protect its interests
Mentioned in this story
North KoreaKorean Central News AgencyUnited States
North Korea has vehemently denied allegations that it is the mastermind behind a recent wave of high-profile international cryptocurrency hacks.
"Hermit Kingdom" has described the claims as "false information" in response to inquiries from the Korean Central News Agency. A spokesperson for North Korea's Foreign Ministry has described the hacking allegations as "absurd slander" that is meant to damage Pyongyang's global image for political purposes.
The ministry has accused the United States of attempting to spread a "distorted perception" of North Korea.
North Korea has threatened to take all necessary measures to protect its interests.
High-profile hacks
These forceful denials come after the international community and U.S. intelligence agencies have spent years identifying North Korea-linked hacking syndicates, such as the infamous Lazarus Group, as the main suspects in massive cryptocurrency thefts.
The Lazarus Group initially drew major global attention following the 2014 Sony Pictures hack. The group has since been linked to other major cybercrimes. Most recently, it was allegedly responsible for the attack on the decentralized finance platform KelpDAO that resulted in the theft of about $290 million to $292 million in cryptocurrency.
In February 2025, the FBI confirmed that North Korea was responsible for stealing approximately $1.5 billion in virtual assets from the cryptocurrency exchange Bybit.
In July 2024, North Korean state-sponsored hackers also breached WazirX, India's largest cryptocurrency exchange, and managed to steal $235 million.
According to blockchain intelligence firm TRM Labs, North Korean hackers have stolen over $6 billion in cryptocurrencies since 2017.
North Korea's share of global crypto hacking losses has reportedly surged to a staggering 64% in 2025.
Q&A
What allegations did North Korea deny regarding cryptocurrency hacks?
North Korea denied allegations of masterminding a series of high-profile international cryptocurrency hacks.
How did North Korea respond to the hacking allegations?
North Korea described the hacking allegations as 'false information' and 'absurd slander,' claiming they are politically motivated.
What measures did North Korea threaten to take in response to the accusations?
North Korea threatened to take all necessary measures to protect its interests amid the hacking allegations.
