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🔐 North Korea Stole Billions in Crypto in 2025: Report 📑
North Korea has once again shattered its own record in cryptocurrency theft. According to new research by blockchain intelligence firm Chainalysis, the country stole $2.02 billion in crypto assets in 2025, marking the second consecutive year of record-breaking cyber theft.
📊 Key Findings
In 2024, North Korea stole $1.3 billion — a figure it has now far surpassed.
Total crypto stolen by North Korea so far is estimated at $6.75 billion.
Globally, crypto theft surged to $3.4 billion in 2025.
💥 Major Heist: Bybit Hack
A significant portion of the stolen funds came from a February hack of Dubai-based crypto exchange Bybit.
About $1.5 billion, mostly in Ethereum, was stolen.
The U.S. Secret Service linked the attack to North Korea’s elite state-backed hacking unit.
🕵️ How It Works
Chainalysis and other firms track crypto flows, helping trace hacked funds even as criminals attempt to launder them. However, crypto’s structure makes recovery difficult:
Funds are stored in wallets accessed via passkeys
Once stolen, assets can be quickly transferred and rarely reversed
⚠️ Why North Korea?
Under heavy international sanctions, North Korea is accused by the UN and security experts of using cybercrime to fund nuclear and missile programs. Some hackers reportedly pose as remote tech workers at global firms, gaining insider access to steal credentials and move funds to Pyongyang.
🧠 Expert View
Security analysts say traditional deterrents no longer work. With few consequences left, North Korea is expected to continue exploiting crypto platforms, which remain highly lucrative targets despite strong security teams. {spot}(BTCUSDT) #USNonFarmPayrollReport
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FIL decentralized storage, value immeasurable, continue to be optimistic about FIL
#FIL 2026 FIL Trend Panorama Analysis: Breaking the Triple Dilemma, Structural Opportunities Bet by Institutions
The FIL in 2025 will conclude amid the controversy of 'returning to the original form' and the contradiction of institutions increasing their holdings against the trend. The 99% historical decline, combined with Grayscale's 85 instances of steadfast positioning, lays a crucial foundation for the trajectory in 2026. Next year, FIL will bid farewell to the 'narrative-driven' old cycle and enter a period of value reconstruction characterized by 'technology implementation + demand validation + compliance breakthroughs,' where the boundaries of opportunity and risk will become increasingly clear.
1. Core Contradiction: The three major hurdles that must be overcome in 2026
1. Technological Utilization Bottleneck: The current retrieval speed of FIL is inferior to centralized CDN, and the issue of cold data accounting for over 90% remains unresolved. Although the network utilization rate has increased to 36% after the v27 upgrade, the current situation of fewer than 20,000 FVM ecosystem developers is insufficient to support large-scale application deployment. The effectiveness of the F3 technology and PDP hot storage solutions in 2026 will directly determine whether it can break free from the singular positioning of a 'storage tool' and penetrate high-value scenarios such as AI training data and metaverse asset storage.
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