Blockchain analysts suspect North Korea-linked hackers behind $70-million crypto theft

Blockchain researchers say North Korea-linked hackers are likely behind a $70 million theft from crypto exchange CoinEx.

CoinEx, which says it is based in Hong Kong, said on Tuesday on social media platform X, formerly known as Twitter, that wallets used to store the exchange’s crypto assets had been hacked. It said on Friday it estimates its losses at $70 million, which it said is a “small portion” of its total assets.