North Korea’s Lazarus Group linked to $11.5M theft from Taiwan crypto exchange



News North Korea’s Lazarus Group linked to $11.5M theft from Taiwan crypto exchange Hackers used social engineering to bypass security, with theft only revealed after sleuth exposed suspicious outflows Shreyas Reddy June 20, 2025 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Taiwanese cryptocurrency exchange BitoPro \| Image: Screenshot of BitoPro homepage (June 20, 2025) North Korea’s notorious Lazarus Group appears to be behind the theft of $11.5 million from Taiwan-based cryptocurrency exchange BitoPro last month, the company revealed on Thursday. In an announcement posted on its website, the exchange said internal security teams and a third-party cybersecurity firm found that the methodology of the May 9 heist matched patterns seen in previous incidents attributed to the North Korean cybercrime syndicate, including thefts from global banking systems and major cryptocurrency services. North Korea’s notorious Lazarus Group appears to be behind the theft of $11.5 million from Taiwan-based cryptocurrency exchange BitoPro last month, the company revealed on Thursday. In an announcement posted on its website, the exchange said internal security teams and a third-party cybersecurity firm found that the methodology of the May 9 heist matched patterns seen in previous incidents attributed to the North Korean cybercrime syndicate, including thefts from global banking systems and major cryptocurrency services. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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North Korea’s Lazarus Group linked to $11.5M theft from Taiwan crypto exchange

Hackers used social engineering to bypass security, with theft only revealed after sleuth exposed suspicious outflows

Shreyas Reddy June 20, 2025

North Korea’s Lazarus Group linked to $11.5M theft from Taiwan crypto exchange

Taiwanese cryptocurrency exchange BitoPro | Image: Screenshot of BitoPro homepage (June 20, 2025)

North Korea’s notorious Lazarus Group appears to be behind the theft of $11.5 million from Taiwan-based cryptocurrency exchange BitoPro last month, the company revealed on Thursday.

In an announcement posted on its website, the exchange said internal security teams and a third-party cybersecurity firm found that the methodology of the May 9 heist matched patterns seen in previous incidents attributed to the North Korean cybercrime syndicate, including thefts from global banking systems and major cryptocurrency services.

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North Korea’s Lazarus Group linked to $11.5M theft from Taiwan crypto exchange

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