Cyvers: North Korean hacker group Lazarus Group may target Bitcoin ETFs as a new attack objective

ChainCatcher news, according to Cointelegraph, cybersecurity experts warn that the notorious North Korean hacking group "Lazarus Group" may target the U.S. Bitcoin ETF as a new attack vector. Michael Pearl, Vice President of GTM Strategy at Cyvers, stated that hackers might turn their attention to the U.S. Bitcoin ETF due to the potential for massive returns.

According to Dune data, U.S. ETFs currently hold Bitcoin worth $52.1 billion, making it an enticing target for hackers. Pearl warned that not only ETF providers could become targets, but all companies associated with them would also face risks, making ETF vulnerabilities a pressing issue that needs to be addressed quickly, or else a "super hacker" incident could occur.