In 2025, a significant hacking incident occurred involving a major cryptocurrency exchange, Bybit. This has led to increased attention on the activities of North Korean hackers, as warned by Google Cloud.
The Bybit Incident
In the first quarter of 2025, one of the most notable hacking incidents involved the breach of the cryptocurrency exchange, Bybit. This event caught the attention of cybersecurity companies and the public, highlighting potential threats in the cryptocurrency sphere.
Google Cloud Warning
In its latest report, Google Cloud warned investors that North Korean hackers are actively targeting blockchain projects and increasing illegal cyber activity across Europe. Specifically, these hackers have focused their attention on Solana (SOL)-based projects.
Tactics of North Korean Hackers
The report notes that hackers often pose as legitimate remote workers to infiltrate companies, taking over critical systems and stealing sensitive data. Using fake identities and advanced coding skills, these hackers develop blockchain and artificial intelligence applications. One discovered employee was working under 12 different false identities in the U.S. and Europe, fabricating references and building relationships with employers.
Such events underline the importance of enhancing cybersecurity measures in the cryptocurrency world, as hackers continue to find increasingly sophisticated means of breach.
