North Korean Hackers Strike SBI Crypto for $21 Million, Tornado Cash Used for Laundering

This article by BreakingCrypto examines the $21 million cyberattack on Japanese mining giant SBI Crypto by suspected North Korean hackers on September 24, 2025.

The sophisticated breach saw stolen funds laundered through Tornado Cash, highlighting persistent vulnerabilities in institutional crypto platforms. Despite SBI Crypto's silence on the incident, blockchain investigators revealed details of the attack, which involved multiple cryptocurrencies including Bitcoin, Ethereum, and Litecoin. The hack demonstrates the escalating threat from state-sponsored cybercriminals targeting crypto ecosystems to circumvent sanctions.

• Market impact remained subdued due to broader bullish sentiment, with major cryptocurrencies showing resilience despite the significant theft
• The incident reignited debates about crypto mixers and privacy tools, intensifying regulatory scrutiny on decentralized finance protocols
• Community response emphasized frustration over lack of transparency and growing reliance on independent blockchain analysts for information
• Long-term implications include heightened security measures, stricter regulations, and potential impacts on institutional crypto adoption