North Korea’s Lazarus Group accused of $23 million crypto theft from UK's Lykke
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 17 2025North Korea's Cyber Theft: North Korea is accused of stealing £17 million in Bitcoin from the UK-based crypto trading platform Lykke, leading to the company's liquidation after a cyberattack attributed to the Lazarus hacking group, which is linked to funding the regime's military projects.
Lykke's Downfall and Legal Issues: Following the hack, Lykke froze trading and was liquidated by a UK court due to legal actions from users seeking to recover lost funds, while its founder faces bankruptcy and potential criminal investigations in Switzerland.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
