SBI Crypto Hit by $21 Million Hack Linked to North Korean Hackers

Key Highlights Over $21 million in crypto stolen from SBI Crypto's ￰0￱ laundered through Tornado Cash, raising security ￰1￱ may be linked to North Korean hacker ￰2￱ Crypto Suffers $21 Million Hack Linked to North Korean Hackers On September 24, 2025, over $21 million in digital assets were withdrawn from addresses associated with the SBI Crypto mining pool, a subsidiary of Japan's SBI ￰3￱ stolen funds included Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Cash, according to crypto researcher ￰4￱ stolen assets were first transferred to five ”instant exchangers” and subsequently sent to the cryptocurrency mixer Tornado ￰5￱ noted that the patterns observed in this incident resemble previous attacks attributed to hacker groups linked to North Korea.

However, there is no official confirmation of this ￰6￱ Crypto's Background and Recent Developments SBI Crypto has been a leading cryptocurrency mining pool since 2017, offering a platform for miners of all ￰7￱ August 2025, SBI Holdings submitted applications to launch two cryptocurrency ETFs, one of which will invest in Bitcoin and ￰8￱ breach underscores the increasing sophistication of cyberattacks targeting cryptocurrency ￰9￱ Korean hacker groups, such as the Lazarus Group, have been linked to several high-profile crypto heists in recent ￰10￱ instance, in 2024, they were responsible for the $1.3 billion theft from various crypto exchanges, marking one of the largest crypto heists to ￰11￱ use of Tornado Cash, a privacy-focused mixer, highlights ongoing challenges in tracking illicit crypto ￰12￱ regulatory efforts, such mixers continue to be utilized for laundering stolen funds, complicating enforcement actions.