look news india
The biggest and shocking robbery in history has been revealed in the digital world of cryptocurrency. Digital assets worth about $6 billion (about Rs 57,000 crore in Indian currency) were made missing from the world’s largest crypto exchange in just 20 minutes. This audacious and high-tech cyber attack had shocked financial agencies all over the world. But now after a thorough investigation by international investigative agencies and FBI, the mastermind of this mega-loot has been traced. This hacking is said to be directly related to the top intelligence network of North Korea and its eccentric dictator Kim Jong Un. Let us understand how this sensational incident was carried out by targeting 10 different blockchain networks of the world through a single laptop.
What is this biggest crypto hacking of Rs 57 thousand crores?
This is considered to be the biggest financial theft ever in the history of cyber crime. According to investigation reports, hackers systematically gained control of the system by breaking into the laptop of a key developer (DevOps Engineer) of the crypto exchange. After this, within just 20 minutes, crypto funds worth Rs 57,000 crore were transferred to unknown accounts from digital wallets present in 10 different blockchain networks like Bitcoin, Solana, Ethereum and Tron. The disappearance of such a huge amount of money simultaneously and so rapidly would not have been possible without a high-level and technically capable state-sponsored network, which has astonished security experts all over the world.
Lazarus Group: North Korean dictator Kim Jong Un’s secret weapon
US investigative agency FBI and international blockchain analytics firms have strongly claimed that North Korea’s notorious cyber crime syndicate ‘Lazarus Group’ is behind this mega crypto hack. Lazarus Group is no ordinary cybercriminal gang, rather it works directly under North Korea’s military intelligence agency (Reconnaissance General Bureau). This is the same vicious group which had earlier carried out many global exploits like Bangladesh Bank hack, Sony Pictures cyber attack and Bybit hack in 2025. Hackers of this group get jobs in tech and crypto companies by creating fake identities and lay the foundation of such attacks by stealing the data of internal systems.
Where will the stolen Rs 57,000 crore be used?
North Korea’s economy is completely cut off from mainstream global financial transactions due to international sanctions. In such a situation, the United Nations (UN) report and international experts believe that the North Korean government resorts to such crypto hacking to fund its nuclear weapons and ballistic missile programs. According to estimates by White House cybersecurity advisers and UN experts, about 40% to 50% of the cost of North Korea’s missile projects comes from similar illegal cyberpiracy and crypto theft. Hackers cash these digital money through various mixing services and money laundering networks and send it to their country for arms manufacturing.
Panic in global financial agencies and warning to investors
This record-breaking hack has raised serious questions about the cyber security systems and security walls of crypto exchanges all over the world. Although the respective platforms have assured the security of their user funds, this incident has made it clear that state-sponsored hackers can now make a big dent in the economy or financial system of any country in the blink of an eye. International regulatory bodies and the US Treasury Department are now investigating how to freeze and recover stolen crypto assets. This case has started a new and extremely dangerous era of cyber warfare, where the country’s borders and financial systems are being attacked with computer keyboards instead of bullets.