Crypto Exploits Surge 59% in Q2 Driven by North Korean Attacks on KelpDAO and Drift Protocol

Crypto exploits jumped 59% quarter-on-quarter in Q2, reaching a total of $807.5 million, according to CoinTelegraph. This rise was partly fueled by attacks targeting decentralized finance projects KelpDAO and Drift Protocol, which have been linked to North Korean hackers.

Despite the sharp increase in Q2, CoinTelegraph also reported a 47% decline in crypto hacks during the first half of the year, indicating fluctuating trends in cyber threats across the crypto market.

For Japanese investors and market participants, these developments underscore the growing importance of robust cybersecurity measures in the crypto space, especially as DeFi platforms continue to expand their presence in Asia.