Bitcoin ETFs are the next major target for North Korean hackers, according to security experts. The Lazarus Group, a notorious hacking collective associated with North Korea, may set its sights on the infrastructure around these ETFs due to the substantial potential bounty.

The cumulative holdings of US-based Bitcoin ETFs are estimated to be around $52.1 billion, according to Dune data, making them an attractive target for the Lazarus Group and other North Korean hackers. The group is known for some of the biggest hacks in the cryptocurrency space, including the $625 million Ronin bridge hack.

Cyvers' vice president of GTM strategy, Michael Pearl, warned that North Korean hackers could start shifting their attention to the lucrative US Bitcoin ETFs. The sizable holdings represent a potentially lucrative bounty for the hackers, who have proven their capabilities in breaching crypto-related targets.

The Lazarus Group has a long history of targeting the cryptocurrency industry, and the emergence of Bitcoin ETFs in the US could be the next frontier for their malicious activities. Security experts urge vigilance and robust cybersecurity measures to protect these financial instruments from the threat of North Korean hackers.

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

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