North Korean-state-backed spies conducted an in-person operation targeting cryptocurrency platform Drift to drain $285 million, according to reports. The operation involved months of direct engagement with the target.
According to a security intelligence research firm, North Korean-state-backed hackers account for 76% of all crypto scam and hack losses in 2026. The same firm reports that North Korean-backed actors have stolen $6 billion since 2017, underscoring the scale of ongoing cyber theft activity attributed to state-sponsored North Korean threat actors.
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SWEAT agreement was stolen 13.71 billion tokens; after pausing the contracts, users’ funds were fully restored