SBI Crypto Suspected Victim of North Korean Hacker Attack, Losing $21 Million

BlockBeats News, October 1st: A suspicious fund outflow from a wallet address associated with SBI Crypto, a subsidiary of the Japanese financial giant SBI Group, occurred on September 24, 2025, totaling approximately $21 million.

The stolen funds include BTC, ETH, LTC, DOGE, and BCH, which were later transferred to 5 instant exchange platforms and then deposited into Tornado Cash for mixing. In a Telegram post, ZachXBT pointed out that multiple signs are similar to previous North Korea-backed cyberattack tactics, raising concerns that this incident may be another cryptocurrency theft case related to North Korea.

SBI Crypto, as a mining pool operator under the SBI Group, whose parent company is a publicly listed financial group in Japan, has significant presence in both traditional finance and the digital asset space.