NORTH KOREAN HACKERS STEAL $290M FROM KELPDAO

The attack marks another significant breach in the DeFi sector, which has repeatedly faced security vulnerabilities. Lazarus, attributed to North Korea's government, has conducted multiple high-profile cryptocurrency thefts over the past years, targeting exchanges and blockchain protocols to fund state operations. KelpDAO provides liquid staking services on the Ethereum network. The breach compromised the platform's security infrastructure, allowing attackers to extract substantial cryptocurrency holdings. The incident follows a pattern of escalating crypto-related attacks targeting DeFi platforms and exchanges. Security firms are investigating the breach to determine the exact attack vector and whether additional vulnerabilities exist in similar protocols. KelpDAO has not yet released a detailed incident report. The stolen funds typically flow through mixing services and decentralized exchanges to obscure their origin, complicating recovery efforts. Authorities continue tracking the movement of assets across blockchain networks.