So... North Korea just casually stole $73M from Phemex.
And the way they did it? Chef's kiss. ๐จโ๐ณ
Let me tell you a story about hot wallets, 16 blockchains, and why your exchange might be next.
๐งต๐
#Phemex#CryptoHack#Lazarus
January 2025. Phemex wakes up to a nightmare.
$73 MILLION gone.
Not from one wallet. Not from one chain.
From hot wallets across 16 different blockchains.
Ethereum. Solana. Bitcoin. All of them.
This wasn't a hack. This was a heist.
#CryptoSecurity
๐จ BYBIT HACK: $1.4 BILLION stolen - Largest crypto heist in history
Feb 2025: North Korea's Lazarus Group
Compromised Safe Wallet multisig
401,347 ETH drained
How it happened ๐งต๐
#Bybit#CryptoHack#Lazarus#NorthKorea
3/ Impact:
52% of ALL 2025 crypto thefts
Bitcoin dropped 20%
Market panic
$160-400M laundered immediately
State-sponsored attacks are the new normal.
#Bitcoin#CryptoSecurity#DeFi
4/ Key Lesson:
Even multisig cold wallets can be compromised through UI manipulation.
Verify EVERYTHING at the blockchain level.
Never trust the interface alone.
#SecurityLessons#CryptoEducation#BlockriumShield
๐จ BYBIT MEGA HACK: $1.4 BILLION stolen by North Korea
Feb 21, 2025: Largest crypto heist in history
Lazarus Group compromised Safe Wallet
CEO unknowingly approved malicious transaction
401,347 ETH drained
This changes everything.
Thread ๐งต๐
#Bybit#CryptoHack#NorthKorea
2/ The Scale:
$1.4-1.5 BILLION in Ethereum
Largest crypto heist EVER
401,347 ETH stolen in one transaction
For context:
โข Mt. Gox: $450M
โข Coincheck: $530M
โข Bybit: $1.4B
Not even close.
#CryptoSecurity#Ethereum#Lazarus
3/ Who Did It:
FBI attributes to North Korea's Lazarus Group (TraderTraitor)
Same group behind:
โข Sony Pictures hack (2014)
โข WannaCry ransomware
โข Multiple crypto heists
Funds nuclear & missile programs
#NorthKorea#CyberWarfare#StateSponsored
๐จ UNLEASH PROTOCOL HACKED: $3.9M drained via multisig compromise
Dec 30: Admin access gained through governance
Unauthorized contract upgrade
1,337 ETH laundered via Tornado Cash
Your governance is only as secure as your weakest signer.
Thread ๐งต๐
#UnleashProtocol#DeFiHack
๐จ POLL: What's the BIGGEST threat to your crypto in 2025?
Vote below ๐
A) Smart contract bugs
B) Phishing/social engineering
C) Centralized exchange hacks
D) Rug pulls/scams
Drop your reasoning in comments. Let's see what the community thinks.
#CryptoSecurity#Web3#DeFi