- North Korea-linked hackers extracted over US$500M (AU$705M) from Drift and Kelp in a coordinated two-week stretch.
- Attacks focused on structural weaknesses, including Kelp’s single-verifier setup and manipulated data inputs.
- The incidents reflect a shift toward more organised, multi-layered exploits across decentralised finance systems.
Crypto markets are facing renewed pressure after North Korea-linked hackers carried out two major exploits, draining over US$500 million (AU$705 million) in slightly more than two weeks. The attacks, which targeted Drift and Kelp, highlight an increasingly coordinated strategy focused on systemic weaknesses.
The Kelp DAO exploit alone accounted for more than US$290…
