North Korea has denied involvement in recent cryptocurrency thefts totaling $577 million, dismissing the allegations as "absurd defamation" and a "political tool." Despite the denial, blockchain analytics firm TRM Labs reports that North Korean-linked hacker groups were responsible for 76% of global crypto theft losses in early 2026, including major attacks on KelpDAO and Drift Protocol. The Lazarus Group, a notorious hacking collective, is primarily linked to these incidents. Since 2017, North Korea has been associated with over $6 billion in cryptocurrency thefts, allegedly funding military programs. In response, the U.S. Department of the Treasury has sanctioned individuals and entities involved in illicit fund flows totaling $800 million in 2024.
North Korea Denies Role in $577 Million Crypto Hacks Amid Accusations
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