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Cyberattack rocks Washington; North Korea targets cryptocurrencies, recovery could take months

A single click can cause billions of dollars in losses

مدحت الشيخ
Last updated: 01/04/2026 10:24 pm
Medhat Elsheikh
مدحت الشيخ
ByMedhat Elsheikh
News Editor
Medhat El-Sheikh, editor-in-chief of the Voice of Emirates News Agency office in Cairo, is a seasoned Egyptian journalist with extensive experience both within Egypt and abroad....
- News Editor
2 months ago
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Cyberattack rocks Washington... North Korea targets cryptocurrencies
Cyberattack rocks Washington... North Korea targets cryptocurrencies (Photo/Voice of Emirates)
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Highlights
  • Targeting trading platforms and digital wallets
  • A new front in unconventional warfare

Washington, DC – Security and technical reports have revealed a large-scale cyberattack targeting cryptocurrencies platforms and infrastructure in the United States. North Korean-backed hacking groups are believed to be behind the attack, which is considered one of the most serious to hit the digital financial sector in recent years.

Targeting trading platforms and digital wallets

Informed sources revealed that the attack targeted trading platforms and digital wallets, as well as companies operating in the blockchain sector.

This resulted in the disruption of some services and the theft of digital assets estimated at millions of dollars.

This occurred amidst heightened anxiety in financial markets.

According to cybersecurity experts, the attack relied on advanced techniques, including compromising digital supply chains and exploiting vulnerabilities in security systems. This allowed the attackers to infiltrate undetected for periods before executing transfers and withdrawals of assets.

The report indicated that recovery will not be swift. Affected companies will need months to rebuild their systems and strengthen their security measures. Furthermore, the stolen funds, which are often channeled through complex networks to conceal their origin, must be traced.

A new front in unconventional warfare

North Korea is known for using cyberattacks to fund its programs, especially in light of the economic sanctions imposed on it. It frequently targets cryptocurrency platforms because transactions are more difficult to trace compared to the traditional financial system.

For its part, the US authorities have launched extensive investigations in cooperation with technology companies and financial institutions. This comes in an attempt to contain the damage and prevent the recurrence of such attacks. At the same time, regulators have called for stricter oversight of the cryptocurrency sector, which has become a prime target for international attacks.

This attack confirms that the arena of international conflict is no longer confined to land or air. It has expanded significantly into cyberspace, where the click of a button can cause billions of dollars in losses. As a result, a new front in unconventional warfare has been opened.

TAGGED:Cryptocurrenciescyber attackcyber attacksDigital walletsNorth KoreaTrading platformsVoice Of Emirates Website NewsWashington
SOURCES:Voice of Emirates
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