North Korean hackers could be targeting U.S.-based Bitcoin exchange-traded funds (ETFs) due to the sizable potential bounty. The Lazarus Group, a notorious North Korean hacking group, has been associated with some of the biggest crypto hacks, including the $625 million Ronin bridge hack.

According to Cyvers' Michael Pearl, the Bitcoin ETFs could represent a lucrative target for North Korean hackers, as the U.S. ETFs hold a cumulative $52.1 billion worth of Bitcoin (BTC) in onchain holdings.

The hackers may shift their focus from smaller targets to larger objectives, such as the U.S. Bitcoin ETFs, in search of a more substantial payoff. The potential for a sizable bounty could lure North Korean hackers to attack the infrastructure around these ETFs.

This development highlights the ongoing cybersecurity concerns surrounding the crypto ecosystem and the need for robust security measures to protect the growing number of institutional investors participating in the Bitcoin ETF market.

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

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