North Korean-linked hacking groups have sent a shiver down the cryptosphere’s spine amid mounting losses for decentralized finance projects, but those fears have grown just as intense on Wall Street, according to Digital Asset co-founder and CEO Yuval Rooz.

Even before Kelp DAO’s $290 million hack rattled confidence in DeFi last month, Rooz told Decrypt that the team behind Canton—a public, permissioned blockchain—had fielded questions from financial institutions about threats from the so-called Hermit Kingdom. North Korean hackers have stolen over $6 billion in crypto since 2017, per a report from TRM Labs.

“They have to make sure that bad actors cannot engage with their systems,” he said. “That’s what…