North Korea Linked to £17m Crypto Theft That Closed UK Start-Up

TLDR

  • Lazarus hackers allegedly stole £17m in Bitcoin and Ethereum from UK-based Lykke.
  • Lykke was forced to halt operations after the cryptocurrency theft.

  • OFSI named North Korea as potential cyber attacker in its Treasury report.

  • Lykke’s founder Richard Olsen declared bankrupt and under Swiss criminal investigation.


The UK cryptocurrency company Lykke has been accused of losing £17m to hackers believed to be linked to North Korea. The Lazarus cyber gang is the suspected culprit behind the theft.

The attack is said to have targeted Bitcoin, Ethereum, and other cryptocurrencies. If confirmed, this would be North Korea’s largest known crypto heist involving a British firm.

Lykke Collapse and Financial Struggles

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