CoinEx $55 Million Hack: Lazarus Group's North Korean Connection?
On Tuesday, CoinEx suffered a devastating security breach, resulting in the theft of approximately $55 million in cryptocurrency. Now, emerging evidence strongly suggests that North Korea's notorious Lazarus Group is behind the attack, highlighting the persistent threat that state-sponsored hacking groups pose to the blockchain ecosystem.
Lazarus Group Suspected in CoinEx Exploit
Blockchain security firms are linking the CoinEx $54+ million hack to North Korea’s Lazarus Group. Initial investigations point to their involvement, further cementing the group's reputation as a major player in crypto-related cybercrime.
Crypto sleuth ZachXBT has revealed critical on-chain data indicating the involvement of the notorious North Korean hacker group Lazarus. The hackers targeted multiple wallets on the exchange, meticulously draining funds.
CoinEx Hack Timeline: September 13th, 2025
The CoinEx incident unfolded rapidly. On September 13, 2025, CoinEx revealed the detection of anomalous withdrawals. Soon after, the extent of the damage became clear: at least $55 million had been stolen.
Lazarus Group: A History of Crypto Heists
The infamous Lazarus Group has a long history of involvement in high-profile hacking incidents. Most recently, the FBI accused this group of hacking Stake.com. A shadowy North Korean hacker group known as Lazarus has increasingly targeted crypto platforms in recent months.
The North Korean Link: Why Lazarus Targets Crypto
North Korea’s Lazarus Group was likely behind the $55 million hack of crypto exchange CoinEx, according to on-chain data. This attack, along with others, demonstrates the group's interest in exploiting the blockchain for financial gain, potentially to fund North Korea's government.
The Broader Implications for Crypto Security
The CoinEx hack underscores the vulnerability of cryptocurrency exchanges to sophisticated attacks. The involvement of North Korea's Lazarus Group serves as a stark reminder for exchanges to prioritize robust security measures and remain vigilant against state-sponsored threats. This CoinEx 13 de sept. de 2025 attack drained at least $55 million. The hackers are reportedly the same ones behind recent breaches.