The $6.36 billion cryptocurrency heist targeting Binance has exposed a troubling reality for the digital asset industry: North Korea is increasingly exploiting security vulnerabilities to bankroll Pyongyang’s military ambitions.

The stolen amount is equivalent to 22 percent of North Korea’s 2025 gross domestic product, making the attack the largest cryptocurrency theft on record and one of the biggest financial crimes in history.

Analysts warned Sunday that it is unlikely to be the last.

“We’re dealing with sophisticated adversaries who may have substantial resources, years of patience and objectives that extend well beyond financial gain,” said Michael O’Loughlin, managing partner of Argonautic Global and board member of Blockchain…