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Opinion
Parmy Olson

North Korean Hackers Have Crypto In Their Crosshairs

Add the notorious cybercrime Lazarus Group to the list of concerns fueling the crypto meltdown.

Paying their respects.

Paying their respects.

Photographer: KIM WON JIN/AFP

The world of crypto isn’t just suffering from a market malaise that has seen the price of Bitcoin drop from $69,000 to around $20,000 today — it also faces a troubling number of security risks.

There have been dozens of breaches in the past few years showing that cybercriminals are gravitating toward the world of cryptocurrencies. In many cases, we don’t know who the attackers are, but one culprit that keeps coming up is the band of state-backed hackers from North Korea known as the Lazarus Group.