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G7 leaders are set to address North Korea’s escalating cryptocurrency theft operations, which are reportedly financing its weapons programs. Recent high-profile hacks, including a $1.4 billion heist, have intensified global scrutiny. The upcoming summit may prioritize discussions on curbing these cyber threats alongside other geopolitical issues.
- North Korea's Lazarus Group stole $1.4 billion from Bybit in 2024, marking the largest centralized exchange heist.
- 61% of global crypto thefts in 2024 were attributed to North Korean hackers, totaling $1.34 billion.
- Sanctions have failed to curb attacks, with stolen funds routed through mixers and P2P platforms to evade detection.
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