North Korean Hackers Moved $38M Through Relay Protocol in 7 Hours On-chain analyst Specter reported that North Korean hackers transferred approximately $38 million through Relay…
Wu Blockchain Published: 2026-11-01 01:42 UTC Collected: 2026-11-01 02:17 UTC Original language: Not supplied by source
North Korean Hackers Moved $38M Through Relay Protocol in 7 Hours
On-chain analyst Specter reported that North Korean hackers transferred approximately $38 million through Relay Protocol within seven…
North Korean Hackers Moved $38M Through Relay Protocol in 7 Hours
On-chain analyst Specter reported that North Korean hackers transferred approximately $38 million through Relay Protocol within seven hours, with transfers still ongoing at the time of the post. Despite Relay's claims of having a Know Your Transaction (KYT) monitoring system in place, it failed to block the transfers.
Specter noted that North Korean hackers would have struggled to move such a large amount through THORChain in the same timeframe, raising questions about Relay's compliance and risk controls. Relay Protocol is a cross-chain bridge and interoperability protocol that enables asset transfers across multiple blockchains.
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Brazilian crypto exchange Mercado Bitcoin said approximately $38 million in assets were involved in the security incident. Working with Tether, Circle, Paxos, BRL1, and Chainalysis, the exchange has blocked approximately $11 million and identified additional assets that may be el
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