Crypto Firm DWF Labs Linked to $44M Loss from North Korean Hack
Crypto Firm DWF Labs Linked to $44M Loss from North Korean Hack
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A new report has surfaced, alleging that DWF Labs, a prominent market-making firm within the crypto industry, experienced a substantial loss of $44 million in a hack in September 2022. On-chain investigators claim this incident, which involved North Korean-linked hackers, was never publicly disclosed by the firm.
Crypto Firm DWF Labs Allegedly Loses $44M in Hack
DWF Labs, a market-making firm active in crypto markets, has been linked to an alleged loss of $44 million in a hack that took place in September 2022. According to on-chain investigators, the incident was not publicly disclosed by the firm. The report suggests North Korean-linked hackers were behind the significant security breach.