Blockchain experts suggest that hackers linked to North Korea are the likely culprits behind a substantial $70 million theft from the cryptocurrency exchange known as CoinEx. CoinEx, a platform headquartered in Hong Kong, revealed through the social media platform X (formerly Twitter) that the wallets designated for safeguarding the exchange’s digital assets had fallen victim to a cyberintrusion. It disclosed that its estimated losses amounted to $70 million, a figure it considered a minor fraction of its total holdings.

Elliptic, a blockchain research organization, conducted an analysis pointing toward the Lazarus Group, a hacking collective associated with North Korea, as the probable perpetrators of this…

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