Ten cryptocurrency protocols suffered exploits in the last week, with North Korea’s Lazarus Group implicated in the breaches. This surge in attacks, averaging one every 2.9 days, has led to significant losses and heightened concerns about state-sponsored cyber operations.
The frequency and scale of these exploits are accelerating. The Lazarus Group, known for previous high-profile hacks like the $625 million Ronin bridge incident in 2022, poses a persistent and well-resourced threat.
Decentralized finance (DeFi) protocols with substantial total value locked (TVL) and bridge infrastructure are identified as prime targets for future multi-million dollar events.