A massive cryptocurrency theft worth about $290 million has been linked to suspected North Korean hackers, according to a recent report. The attack targeted Kelp DAO, a decentralized finance platform that allows users to earn returns on idle crypto assets. Over a single weekend, attackers were able to drain funds at a scale that has shaken confidence across parts of the crypto industry.
Investigators believe the breach was highly sophisticated, likely carried out by a state-backed group such as the Lazarus Group, which has been repeatedly tied to North Korea. Early findings suggest the hackers exploited weaknesses in underlying infrastructure, including validator systems and network configurations, to gain access and move funds quickly. The incident also affected multiple connected platforms, highlighting how interconnected decentralized finance systems can amplify the impact of a single vulnerability.
This latest theft adds to a growing pattern of large scale crypto attacks linked to North Korea, which has increasingly relied on cybercrime as a source of revenue. Experts say these operations are becoming more precise and damaging, with fewer attacks but much larger payouts. The Kelp DAO breach is now one of the biggest crypto hacks of 2026 so far, reinforcing concerns about security gaps in decentralized finance and the global challenge of tracking and recovering stolen digital assets.
Abdulfaraq
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Investigators believe the breach was highly sophisticated, likely carried out by a state-backed group such as the Lazarus Group, which has been repeatedly tied to North Korea. Early findings suggest the hackers exploited weaknesses in underlying infrastructure, including validator systems and network configurations, to gain access and move funds quickly. The incident also affected multiple connected platforms, highlighting how interconnected decentralized finance systems can amplify the impact of a single vulnerability.
This latest theft adds to a growing pattern of large scale crypto attacks linked to North Korea, which has increasingly relied on cybercrime as a source of revenue. Experts say these operations are becoming more precise and damaging, with fewer attacks but much larger payouts. The Kelp DAO breach is now one of the biggest crypto hacks of 2026 so far, reinforcing concerns about security gaps in decentralized finance and the global challenge of tracking and recovering stolen digital assets.
This dictator just dey do evil things
Every damn year!