Japan’s SBI Crypto Hack Signals Institutional Vulnerabilities
A suspected North Korean cyberattack has struck the crypto subsidiary of Japan’s SBI Group, draining roughly $21 million in Bitcoin and Ethereum.
A $21 Million Breach With Familiar Fingerprints
Reports have emerged that the crypto subsidiary of Japanese financial giant SBI Group has been targeted by state-sponsored hackers from North Korea. Blockchain investigators detected suspicious activity from SBI Crypto wallets, with roughly US$21 million worth of digital assets — including Bitcoin (BTC) and Ethereum (ETH) — flowing out of the company’s wallets in late September 2025.
While SBI has yet to issue an official statement, on-chain forensics indicate the stolen funds were routed through five instant exchanges before being…
