TechFlow news, cybersecurity experts are warning that the notorious North Korean hacking group "Lazarus Group" may be targeting U.S. Bitcoin ETFs as their next attack vector.
Michael Pearl, VP of GTM Strategy at Cyvers, said hackers might shift their focus to U.S. Bitcoin ETFs due to the potentially massive financial rewards.
Data from Dune shows that U.S. ETFs currently hold $52.1 billion worth of Bitcoin, making them an attractive target for cybercriminals. Pearl warned that not only ETF providers but also all associated companies face potential risks.
He emphasized that vulnerabilities in ETF infrastructure must be addressed quickly, or a "super-hack" incident could occur.
Pearl also noted that a potential Bitcoin ETF "super-hack" could trigger stricter regulation in the United States and influence regulatory policies in other jurisdictions. It's worth noting that the crypto industry is still recovering from the $230 million WazirX hack that occurred in July this year.
