SBI Crypto Hack: $21 Million Stolen in Suspected North Korean Cyberattack
On September 24, 2025, the crypto community was shaken by a significant security breach involving SBI Group, a major player in crypto services. Approximately $21 million worth of cryptocurrency was stolen in this attack.
The assets compromised include several popular cryptocurrencies:
- Bitcoin (BTC) valued at about $11,480.33
- Ethereum (ETH) valued at $4,005.03
- Litecoin (LTC) valued at $119.17
- Dogecoin (DOGE) valued at $0.2575
- Bitcoin Cash (BCH) valued at $585.47
Blockchain investigator ZachXBT pointed out that the hacking methods bear the hallmarks of North Korean cybercriminal groups, referencing similarities to earlier high-profile crypto heists attributed to them.
Post-theft, the stolen funds were quickly channeled through five instant crypto exchanges. Subsequently, these assets were deposited into Tornado Cash, a well-known cryptocurrency mixing service. Tornado Cash has previously been sanctioned by the U.S. Treasury for its role in laundering illicit funds, complicating recovery efforts.
As of the latest reports, SBI Group has not officially confirmed the hack or released any statements addressing the incident.
This hack serves as a stark reminder of the growing cybersecurity challenges within the crypto ecosystem. For crypto investors looking for safer ways to manage their assets, platforms like Bitlet.app offer innovative features such as the Crypto Installment service, allowing users to buy cryptocurrencies and pay monthly, reducing upfront risks.
Stay informed and vigilant, and consider utilizing trusted platforms like Bitlet.app to manage your crypto investments securely.
