North Korean Hacker Group Lazarus May Target US Bitcoin ETF, Experts Warn

According to Odaily, cybersecurity experts have issued a warning that the notorious North Korean hacker group, Lazarus Group, may be eyeing US Bitcoin ETFs as their next target. Michael Pearl, Vice President of GTM Strategy at Cyvers, highlighted that the potential for substantial returns could attract hackers to focus on US Bitcoin ETFs. Data from Dune indicates that US ETFs currently hold Bitcoin valued at $52.1 billion, making them an enticing target for cybercriminals. Pearl emphasized that not only ETF providers but all associated companies could be at risk of attacks. He stressed the urgency of addressing ETF vulnerabilities to prevent a potential 'super hacker' incident. The cybersecurity community is on high alert, urging rapid action to mitigate these risks and protect the substantial assets held within US Bitcoin ETFs.