TLDR
- North Korea’s Lazarus Group allegedly stole $23 million from UK-registered crypto platform Lykke, forcing its closure
- The hack targeted Bitcoin and Ethereum networks, with stolen funds allegedly laundered through platforms that circumvent money-laundering controls
- Lykke founder Richard Olsen, great-grandson of Swiss banking patriarch Julius Baer, has been declared bankrupt and faces criminal investigations in Switzerland
- Over 70 customers filed legal action claiming £5.7 million in losses after the platform froze trading in December 2023
- UK Financial Conduct Authority had previously warned about Lykke in 2023 for operating without proper authorization
The UK Treasury has blamed North Korea’s Lazarus Group for a…
