North Korean group Lazarus accused of stealing $22.8 million in cryptocurrency, leading to the platform's collapse

Aug 18, 2025 10:40:59

according to The Telegraph, the UK-registered cryptocurrency platform Lykke has been forced to cease operations and liquidate in March this year after being hacked and losing approximately £17 million (about $22.8 million) in Bitcoin and Ethereum. The UK Treasury's OFSI reported that the hackers are from North Korea's Lazarus group, and the funds were used for military and nuclear projects. Lykke founder Richard Olsen has been declared bankrupt, and the case is still under investigation.

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