High-net-worth individuals in the crypto industry, such as former Binance CEO Changpeng Zhao (CZ), are increasingly targeted by state-backed hackers amid a record-breaking year for digital asset theft. In 2025, losses from exchanges and wealthy individuals have reached billions, raising alarms over escalating cyber threats.
CZ recently disclosed a Google security alert indicating a potential attack by government-backed hackers, speculated to be North Korea's Lazarus Group. This group, notorious for targeting cryptocurrency firms, is believed to be behind a massive Bybit hack earlier this year. Security firm Elliptic reports that North Korean hackers have stolen over $2 billion in cryptocurrency assets in 2025, marking the highest annual total to date.
The growing focus on individual investors highlights the need for enhanced digital security measures as state-sponsored cyber operations intensify. High-profile incidents like CZ's Google alert underscore the vulnerability of even the most prominent figures in the crypto space to sophisticated attacks.
State-Backed Hackers Target Crypto Elite, Including Former Binance CEO CZ
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