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North Korean hackers stole $643 million in cryptocurrency during the first half of 2026, representing 66% of all global crypto hack losses, according to TRM Labs. Two DeFi exploits in April alone netted $577 million from Drift Protocol and KelpDAO.
State-sponsored hacking groups affiliated with North Korea used AI-assisted social engineering and sophisticated exploits against audited DeFi protocols, overwhelming security measures and laundering stolen funds through THORChain.
Funds partially frozen ($75M on Arbitrum); majority laundered to Bitcoin via THORChain. Protocols are investigating, but no broader recovery reported. TRM Labs report published July 3, 2026.
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TRM Labs issues report revealing North Korean hackers stole $643M in H1 2026, 66% of all crypto hack losses. Two April DeFi heists accounted for $577M. Total number of hacks hit 207, but average loss per hack dropped.
North Korean hackers exploited Drift Protocol, stealing $285 million after weeks of social engineering and staging trades. The actual drain took 12 minutes.
North Korean hackers exploited a LayerZero bridge flaw in KelpDAO, stealing $292 million. $75M frozen on Arbitrum, the rest laundered through THORChain to Bitcoin.