According to BlockBeats, on May 5, Ripple announced it is sharing internal threat intelligence about North Korean hackers with the crypto industry through Crypto ISAC. The move addresses a fundamental shift in attack methodology: rather than exploiting smart contract code vulnerabilities, threat actors are now deploying social engineering tactics to gain insider access.
In the Drift incident, North Korean hackers spent months establishing trust with a Drift contributor before deploying malware to steal private keys, resulting in a $285 million loss that bypassed all detection systems. Ripple is providing Crypto ISAC with profile data including LinkedIn profiles, email addresses, and contact information to help security teams identify the same threat actors applying to multiple companies. The Kelp exploit, attributed to the Lazarus Group, resulted in $292 million in stolen ETH. Combined, the Drift and Kelp incidents represent over $500 million in losses within a single month linked to the same state-sponsored actor.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Zondacrypto CEO Disappears With 4,500 Bitcoin Private Keys on May 5; Current CEO Flees to Israel
According to BlockBeats, on May 5, the former CEO of Polish cryptocurrency exchange Zondacrypto disappeared in 2022 with private keys to a cold wallet holding 4,500 BTC (currently worth over $340 million). The current CEO admitted the wallet is now inaccessible and has reportedly fled to Israel.
GateNews4h ago
Middle East tensions escalated, US stocks pulled back from their highs, and Bitcoin held steady around $80,000.
Middle East tensions escalated, pushing up oil prices, and US stocks pulled back from their recent highs; Bitcoin broke above $80k yesterday, topping out at $80,776. Open interest for Deribit’s $80k call options rose notably, indicating capital betting on price gains within the month. Spot ETFs saw net inflows of $630 million this week. The market remains optimistic about progress on stablecoin yield-related terms, along with developments tied to the CLARITY Act.
ChainNewsAbmedia7h ago
Families Seek Frozen Arbitrum ETH for North Korea Victims
Families holding decades-old judgments against North Korea are attempting to seize 30,765 ETH frozen on Arbitrum following last month's rsETH exploit. The families have invoked a New York restraining notice in an effort to block Arbitrum from releasing the funds, citing alleged links between the att
CryptoFrontier10h ago
North Korea Denies Crypto Theft as $577M Stolen in 2026
The Democratic People's Republic of Korea has denied allegations of state-sponsored cryptocurrency theft, even as blockchain intelligence firm TRM Labs reported that DPRK-linked actors stole approximately $577 million in the first four months of 2026. A spokesperson for the regime's Foreign Ministry
CryptoFrontier17h ago
Bitcoin Reverses From $80,594 High to $79,000 After Iran Missile Report; Oil Spikes 5%
According to Iran's Fars news agency, two missiles hit a U.S. warship today, triggering a sharp reversal in Bitcoin from its $80,594 high to around $79,000. Oil prices surged 5% on the report before the U.S. denied the claim. Ethereum, Solana, and Dogecoin declined sharply alongside the broader mark
GateNews18h ago
U.S. Treasury Secretary Bessent: Global Oil Supply Will Be 'Very Well Supplied' Amid 8M–10M Barrel Daily Gap
According to U.S. Treasury Secretary Bessent on May 4, the United States controls the Strait of Hormuz, and global oil supply will be "very well supplied" despite current conflicts. Bessent stated the global oil deficit caused by ongoing conflict is approximately 8 million to 10 million barrels per
GateNews21h ago
