Seoul 22 April 2026 (The Capital Post) – A sophisticated cyberattack targeting a decentralised finance platform has resulted in nearly US$300 million worth of cryptocurrency being stolen, with early investigations pointing towards North Korean-linked hackers as the likely perpetrators.
Blockchain security analysts and affected parties said the incident, which occurred over the weekend, exploited vulnerabilities in cross-chain infrastructure used by the KelpDAO platform. The attackers are believed to have manipulated transaction verification systems to drain digital assets from the protocol.
Preliminary assessments from blockchain infrastructure providers suggest that the hacking pattern aligns with tactics previously associated with North Korea’s Lazarus Group, a state-linked cybercrime organisation accused of multiple large-scale crypto thefts in recent years.
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The stolen funds are believed to have been rapidly transferred across multiple blockchain networks in an attempt to obscure their origin, complicating recovery efforts. Industry experts warn that such techniques have become increasingly common in highly coordinated cyber operations targeting decentralised finance platforms.
Authorities and cybersecurity firms are continuing investigations into the breach, which is now considered the largest cryptocurrency theft reported so far in 2026, underscoring growing concerns over the security of digital asset ecosystems.-The Capital Post