Lazarus Group Has Stolen $11.87 Billion in Crypto, Darkfost Says

What happened

On-chain analyst Darkfost says North Korean hacking group Lazarus Group has stolen a cumulative $11.87 billion in crypto assets. Foresight News reports that this total equals 45% of North Korea’s 2025 GDP and 35% of its gross national income.

Confirmed

Global impact / market context

The reported scale highlights how theft can remove crypto assets from legitimate owners and create costs for affected businesses, such as investigating incidents and improving security. If stolen holdings are sold, added supply could weigh on prices, though the article gives no sale or market-impact details.

Analyst inference

The article provides a cumulative theft estimate and compares it with North Korea’s 2025 GDP, the value of goods and services produced in a year, and gross national income, total income earned by its residents and businesses. It gives no timing or asset breakdown.

Confirmed

What to watch

1. Look for further details on how the $11.87 billion estimate was calculated and which crypto assets it covers; the article does not provide either breakdown. Analyst inference
2. Watch for any reported movement or sale of stolen holdings, since selling could add supply to crypto markets; the article does not say that sales occurred. Analyst inference
3. Track whether exchanges or other crypto businesses report security changes or theft-related costs, which could affect spending and operating expenses; no such company response appears here. Analyst inference

Evidence

• binance.com