North Korea’s $1.5 billion crypto hack exposes bitcoin’s weakness

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Cryptocurrency buyers should be prepared for more and bigger threats after North Korea’s recent robbery of close to

$1.5 billion of cryptocurrency from crypto exchange Bybit.

That’s just one of the implications of a study appearing in the February 2025 issue of the Quarterly Journal of Economics. Another is that, because the cost of trying to prevent hacks such as North Korea’s will continue to grow, bitcoin BTCUSD will never become the major player in the global monetary system that its champions hope.

This post was originally published on Market Watch

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