SBI Crypto Hack Exposes Major Security Gaps in Japan’s
TLDR
- North Korean hackers stole $21M in Bitcoin and Ethereum from SBI Crypto.
- The breach highlights security risks in Japan’s institutional crypto sector.
- SBI Crypto funds were laundered using instant-exchanges and Tornado Cash.
- The attack follows a broader trend of state-backed cyberattacks in Asia.
A recent cyberattack targeting the crypto subsidiary of Japan’s SBI Group has drawn attention to the vulnerabilities within the country’s institutional crypto infrastructure. In a breach that drained $21 million worth of Bitcoin and Ethereum, investigators traced the stolen assets to a North Korean-linked hacking group. This attack raises serious concerns about the security of digital assets in traditional financial…
