Bitcoin ETFs are the next major target for North Korean hackers, according to cybersecurity expert Michael Pearl. The Lazarus Group, a notorious North Korean hacking collective, could be eyeing the infrastructure around these ETFs due to the sizable $52.1 billion in cumulative Bitcoin holdings.

The Lazarus Group has been associated with some of the biggest hacks in the cryptocurrency space, including the $625 million Ronin bridge attack. With the potential lucrative bounty presented by US Bitcoin ETFs, hackers may shift their focus to these larger targets.

Onchain data shows the US Bitcoin ETFs hold a substantial $52.1 billion worth of BTC, making them an attractive target for the North Korean hackers. Security experts warn that the hackers could exploit vulnerabilities in the ETF infrastructure to steal these substantial crypto assets.

This potential threat highlights the need for robust cybersecurity measures to protect the rapidly growing Bitcoin ETF market. As these investment vehicles continue to gain popularity, they may become increasingly attractive targets for state-sponsored hacking groups seeking to capitalize on their large crypto holdings.

Source: https://cointelegraph.com/news/bitcoin-etfs-major-target-north-korean-hackers-cyvers

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