Bitcoin ETFs are the next major target for North Korean hackers: Cyvers

North Korean hackers could be eying the infrastructure around the Bitcoin ETFs, lured by the $52 billion worth of cumulative holdings.

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North Korean hackers may begin targeting larger objectives, including U.S.-based Bitcoin exchange-traded funds (ETFs).

The Lazarus Group, the infamous North Korean hackers associated with some of the most notorious hacks in the cryptocurrency space — including the biggest hack in decentralized finance (DeFi), the $625 million Ronin bridge hack — could be targeting US Bitcoin ETFs.

Hackers could start shifting their attention to the US Bitcoin ETFs due to the sizable potential bounty, according to Michael Pearl, the vice president of GTM strategy at Cyvers.

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