Lazarus Hack Yank £17M From Lykke, Cause Liquidation
British crypto platform Lykke suffer big crypto hack early 2024. Lazarus, North Korea hacker group, thief about £17 million in BTC and ETH. OFSI report tie di money to North Korea military and nuclear projects. Founder Richard Olsen file for bankruptcy after di incident. Lykke stop operation, enter liquidation for March. This crypto hack show say crypto security still get plenty wahala. Di hack na one of di latest big crypto hack wey Lazarus do, e dey raise new regulation and risk wahala for traders.
Bearish
Di revelation say one big big hack wey di Lazarus group do fit spoil trader dem confidence for crypto security. Past tins dem like di Mt. Gox collapse and di Ronin network breach make BTC and ETH price fall sharp sharp. For now now, traders fit sell off dia position because di risk high, dis dey cause market to trend down. Di forced shutdown and liquidation of Lykke join other regulatory eye and plenty talk about how platform get weaknesses. But for long term, market foundation still dey strong. Investors fit come back once security measures improve. Generally, di news bad because di immediate risk sef, but for long run e fit neutral if market fit adapt and security protocols strong.