logo

G7 to confront North Korea’s billion-dollar crypto heists at Canada summit

By: bitcoin ethereum news|2025/05/08 05:30:05
0
Share
copy
Leaders of the G7 are preparing to address North Korea’s escalating cyberattacks and cryptocurrency thefts at their upcoming summit in Alberta, Canada, scheduled for mid-June. This move comes amid growing global concerns over Pyongyang’s use of cybercrime to fund its weapons programs. While talks are expected to be dominated by the wars in Ukraine and Gaza, North Korea’s cyber activities are likely to loom large on the agenda. According to sources briefed on the matter, the leaders are planning to discuss a coordinated response to Pyongyang’s increasing cyber threat. That could involve strengthening international cybersecurity frameworks, blocking digital assets associated with North Korea, and cutting off crypto platforms that launder money with harsher penalties. The G7 wants to signal that the world community will no longer accept such cyber aggression. Canada will seek firmer alliances and intelligence-sharing agreements as the host country to combat cyber-enabled crimes. G7 leaders sound alarm over North Korea’s cyber heists North Korea is back on the international stage. This time, it’s not missile launches but something more stealthy — billion-dollar cyberattacks. In February 2025, cybercriminals with ties to North Korea stole around $1.5 billion from Bybit, a large digital currency exchange in Dubai. The F.B.I. said the hackers were part of the notorious Lazarus Group, a state-sponsored hacking organization believed responsible for the 2014 SONY attack . The group quickly converted the extorted funds to Bitcoin and scattered them to thousands of blockchain wallets to launder the money. This was not a one-off event. North Korean-linked hackers were behind 47 major attacks during 2024, stealing a total of $1.34 billion in cryptocurrency, up from $661 million in 2023, according to data from the blockchain analysis firm Chainalysis. However, experts said the cash is not going into private pockets but instead being used to finance the regime’s sanctioned weapons programs. North Korea even uses digital money to get around international sanctions, allowing it to keep building nuclear and missile technology. These thefts have grown in size and complexity and have alarmed world powers. North Korea is now a major player in cybercrime. North Korean operatives infiltrate global tech jobs to fund weapons programs secretly North Korea’s cyber offensive does not stop at hacking. The country has built another quieter weapon — its global IT workforce. Thousands of tech-savvy North Koreans are reportedly working remotely from countries like China and Russia, posing as freelance software developers. Using false identities, they apply for jobs and secure well-paying positions, earning thousands of dollars. These earnings are then funneled back to support the North Korean regime, according to reports. In a recent case earlier this year, crypto exchange Kraken discovered a sophisticated one-man operation in which a North Korean operative had applied to a software engineering role under multiple false personas. This person had weaved a complex web of false resumes and online profiles to insinuate themselves into tech companies worldwide. The U.S. Department of Justice said these IT workers use advanced techniques to conceal their identities. They depend on pseudonymous email accounts, sham websites, proxy servers, and even unwitting cutouts in the United States and elsewhere. In a statement released in January, the Justice Department said that these workers can earn up to $300,000 a year. When their numbers reach the tens of thousands, the income becomes a significant revenue stream for North Korea. It added that the proceeds typically go directly to the country’s Ministry of Defense and other entities involved in weapons programs. In retaliation, the U.S. and its allies have tightened hiring practices around tech and crypto industries, encouraging companies to perform more thorough verification checks to identify remote workers. Cryptopolitan Academy: Coming Soon – A New Way to Earn Passive Income with DeFi in 2025. Learn More Source: https://www.cryptopolitan.com/g7-targets-north-koreas-crypto-heists/

You may also like

LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby

In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

Instagram: @WEEX Exchange

 Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot

In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.

Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.

WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

These days, even hackers are losing money

Although hackers possess excellent skills and can complete a meticulous harvest in a matter of hours, the market does not care where the chips come from; in the face of a bear market, everyone is treated equally.

Arm Chips In-House: Rewire News Brief

For Intel and AMD, the x86 Moat Just Got a Little Less Secure

IOSG: Stablecoin Reshaping Asia Cross-Border Payments? Strategic Landscape and Investment Opportunities Analysis

Stablecoins have not truly addressed the two core pain points of domestic settlement and exchange rate conversion.

\$73 Billion OpenAI Aims for IPO: Drops Sora, Snubs Disney, Puts Microsoft in Risk Factors

Altman is Telling a Growth Story in Subtraction

Popular coins

Latest Crypto News

16:42

The US dollar against the Japanese yen broke through 159, with an intraday increase of 0.2%

According to Jinshi reports, the USD/JPY has risen above 159, with an intraday increase of 0.2%.
16:42

Data: GMGN Smart Money 24h Net Inflow Ranking, 7 at the top

According to GMGN data, the top 5 tokens with net inflows of smart money in the past 24 hours are as follows:7 (84cA....ump): Net inflow of $4,000, 24-hour price change -71.9%, currently priced at $0.001.CHIBI (2TpM....ump): Net inflow of $4,000, 24-hour price change -40.1%, currently priced at $0.0...
16:42

ZachXBT: The Wallex wallet address of the Iranian exchange has been double-frozen by Circle and Tether, with approximately 2.49 million USD in assets stranded on-chain

According to market news, a wallet address (0x6926408f55c4f322ebe1a3cc7e4fff380c5543df) under the Iranian cryptocurrency exchange Wallex (wallex.ir) has been simultaneously frozen by Circle and Tether.Several hours before the aforementioned address was frozen, Wallex began consolidating cryptocurren...
16:42

Irish police successfully cracked a drug dealer's long-sealed Bitcoin wallet, seizing 500 BTC

According to Cointelegraph, the Criminal Assets Bureau of the Irish National Police has announced that it has successfully cracked one of the 12 Bitcoin wallets associated with a convicted drug dealer, retrieving 500 Bitcoins worth over 35 million dollars.The wallet owner is Clifton Collins, who was...
16:42

In the past month, stablecoins have experienced a minting boom, with USDD ranking in the top 6 with a minting volume of 2.8 billion

According to on-chain analyst Stacy Muur, citing the latest data from DefiLlama, the global stablecoin minting volume has exceeded $12.9 billion in the past 30 days. In the specific ranking, the decentralized stablecoin USDD ranks 6th with a minting volume of $2.8 billion, demonstrating strong growt...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com