North Korean hackers blamed for record spike in crypto thefts in 2025
The blockchain analysis company said Thursday in a new report that the $2.17 billion stolen during the first half of 2025 has already surpassed the amount of crypto lost last year. Not only that, the amount of cryptocurrency stolen during the first six months of 2025 was about 17% higher than the same period in 2022, which was previously the worst year on record for stolen crypto.
Much of the stolen crypto this year was attributed to a single breach at crypto exchange ByBit, which saw North Korean hackers steal more than $1.4 billion in crypto, much of it subsequently laundered and funneled into the North Korean regime, per the FBI.
Chainalysis said the ByBit hack falls within a broader pattern of North Korean hacks, which have 'become increasingly central to the regime's sanctions evasion strategies.'
North Korea, largely cut off from the outside world and the international banking system, has become a formidable threat in recent years by targeting Western companies to steal cryptocurrency with the aim of funding its sanctioned nuclear weapons program. North Korea has also relied on thousands of remote IT workers, who infiltrate tech companies to earn a wage, steal intellectual property, and then extort companies into paying so as not to publish their sensitive files.
According to an earlier Chainalysis report, North Korean hackers were blamed for almost two-thirds of all crypto hacks during 2024.
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Boston Globe
40 minutes ago
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Request to unseal Epstein grand jury transcripts likely to disappoint, ex-prosecutors say
Deputy Attorney General Todd Blanche made the request Friday, asking judges to unseal transcripts from grand jury proceedings that resulted in indictments against Epstein and Maxwell, saying 'transparency to the American public is of the utmost importance to this Administration.' Advertisement The request came as the administration sought to contain the firestorm that followed its announcement that it would not be releasing additional files from the Epstein probe despite previously promising that it would. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Epstein is dead while Maxwell serves a 20-year prison sentence Epstein killed himself at age 66 in his federal jail cell in August 2019, a month after his arrest on sex trafficking charges, while Maxwell, 63, is serving a 20-year prison sentence imposed after her December 2021 sex trafficking conviction for luring girls to be sexually abused by Epstein. Krissoff and Joshua Naftalis, a Manhattan federal prosecutor for 11 years before entering private practice in 2023, said grand jury presentations are purposely brief. Naftalis said Southern District prosecutors present just enough to a grand jury to get an indictment but 'it's not going to be everything the FBI and investigators have figured out about Maxwell and Epstein.' Advertisement 'People want the entire file from however long. That's just not what this is,' he said, estimating that the transcripts, at most, probably amount to a few hundred pages. 'It's not going to be much,' Krissoff said, estimating the length at as little as 60 pages 'because the Southern District of New York's practice is to put as little information as possible into the grand jury.' 'They basically spoon feed the indictment to the grand jury. That's what we're going to see,' she said. 'I just think it's not going to be that interesting. ... I don't think it's going to be anything new.' Ex-prosecutors say grand jury transcript unlikely to be long Both ex-prosecutors said that grand jury witnesses in Manhattan are usually federal agents summarizing their witness interviews. That practice might conflict with the public perception of some state and federal grand jury proceedings, where witnesses likely to testify at a trial are brought before grand juries during lengthy proceedings prior to indictments or when grand juries are used as an investigatory tool. In Manhattan, federal prosecutors 'are trying to get a particular result so they present the case very narrowly and inform the grand jury what they want them to do,' Krissoff said. Krissoff predicted that judges who presided over the Epstein and Maxwell cases will reject the government's request. With Maxwell, a petition is before the U.S. Supreme Court so appeals have not been exhausted. With Epstein, the charges are related to the Maxwell case and the anonymity of scores of victims who have not gone public is at stake, although Blanche requested that victim identities be protected. Advertisement 'This is not a 50-, 60-, 80-year-old case,' Krissoff noted. 'There's still someone in custody.' Appeals court's 1997 ruling might matter She said citing 'public intrigue, interest and excitement' about a case was likely not enough to convince a judge to release the transcripts despite a 1997 ruling by the 2nd U.S. Circuit Court of Appeals that said judges have wide discretion and that public interest alone can justify releasing grand jury information. Krissoff called it 'mind-blowingly strange' that Washington Justice Department officials are increasingly directly filing requests and arguments in the Southern District of New York, where the prosecutor's office has long been labeled the 'Sovereign District of New York' for its independence from outside influence. 'To have the attorney general and deputy attorney general meddling in an SDNY case is unheard of,' she said. Cheryl Bader, a former federal prosecutor and Fordham Law School criminal law professor, said judges who presided over the Epstein and Maxwell cases may take weeks or months to rule. 'Especially here where the case involved witnesses or victims of sexual abuse, many of which are underage, the judge is going to be very cautious about what the judge releases,' she said. Tradition of grand jury secrecy might block release of transcripts Bader said she didn't see the government's quest aimed at satisfying the public's desire to explore conspiracy theories 'trumping — pardon the pun — the well-established notions of protecting the secrecy of the grand jury process.' 'I'm sure that all the line prosecutors who really sort of appreciate the secrecy and special relationship they have with the grand jury are not happy that DOJ is asking the court to release these transcripts,' she added. Mitchell Epner, a former federal prosecutor now in private practice, called Trump's comments and influence in the Epstein matter 'unprecedented' and 'extraordinarily unusual' because he is a sitting president. Advertisement He said it was not surprising that some former prosecutors are alarmed that the request to unseal the grand jury materials came two days after the firing of Manhattan Assistant U.S. Attorney Maurene Comey, who worked on the Epstein and Maxwell cases. 'If federal prosecutors have to worry about the professional consequences of refusing to go along with the political or personal agenda of powerful people, then we are in a very different place than I've understood the federal Department of Justice to be in over the last 30 years of my career,' he said. Krissoff said the uncertain environment that has current prosecutors feeling unsettled is shared by government employees she speaks with at other agencies as part of her work in private practice. 'The thing I hear most often is this is a strange time. Things aren't working the way we're used to them working,' she said. Associated Press Writers Eric Tucker and Alanna Durkin Richer contributed to this report
