North Korean Hackers Allegedly Stole $3.2M in Solana Assets

North Korean hacker group Lazarus allegedly steals $3.2M in Solana, heightening crypto security concerns.

BlockBeats News reported that the North Korean cybercrime group Lazarus allegedly stole $3.2 million in Solana assets on May 16, 2025. On-chain investigator ZachXBT identified laundering activities through Tornado Cash.

Lazarus Group Allegedly Behind $3.2M Solana Theft

On May 16, the North Korean Lazarus Group allegedly stole $3.2 million of Solana assets, confirming suspicions about their involvement in crypto-related crimes. ZachXBT revealed laundering patterns, notably 400 ETH deposits into Tornado Cash on June 25 and June 27. His disclosures emphasize prevalent threats targeting blockchain assets.

The laundering activity introduces systemic risks related to the compliance frameworks of Ethereum and Solana ecosystems. These threats necessitate evolving security measures within the crypto community. ZachXBT’s reports of unauthorized asset transfers and repeated exploit patterns are alarming for Ethereum and Solana stakeholders.

Cryptocurrency Compliance Concerns Amid Tornado Cash Use

Did you know? Historically, the Lazarus Group’s exploits have resulted in billions stolen from exchanges like Bybit, further stressing the need for advanced security protocols within the crypto industry.

Ethereum, represented by ETH, currently trades at $2,432.72, with a market cap of $293.67 billion, commanding 8.91% of the market. Its 24-hour trading volume is reported at $8.05 billion, indicating a decline of 40.26%. Data from CoinMarketCap shows ETH’s price changes: a 0.45% increase over 24 hours and a 6.45% rise within seven days.

Coincu’s research team underscores that financial markets must address regulatory and technological issues to prevent similar breaches. Improvements in smart contract audits and enhanced mixer regulations could mitigate potential risks posed by decentralized finance protocols targeted by cybercriminals.