Lazarus Group don drain $21M from SBI Crypto Mining Pool
On September 24, 2025, SBI Crypto, one of di biggest Bitcoin mining pools for world plus subsidiary to SBI Group, dem fall victim to $21 million SBI Crypto hack. Di hackers wey blockchain researcher ZachXBT link to North Korea’s state-backed Lazarus Group con chop BTC, ETH, LTC, DOGE and BCH. Di money waka through five instant exchanges before e enter Tornado Cash mixer, show where mining pool security get gbege and how e dey hard to track washed assets. SBI Group never give official talk yet. Traders suppose dey watch for possible rise for Bitcoin mining fees, risk for network stability and tight regulations on privacy mixers after this big SBI Crypto hack.
Bearish
Dis hack dey show big big problem wey dey for major mining operations, e fit make traders no trust Bitcoin network security again. For short term, dis increased wahala fit make mining pools raise their mining fees to make their systems strong, dis go add transaction cost and reduce activities. Regulatory people dey watch privacy mixers like Tornado Cash well well, dis fit slow transactions and make compliance hard, e fit affect network efficiency. For long term, if security problems keep happen, e fit make institutions and small traders shy to use Bitcoin, dis one fit cause Bitcoin price to fall. But if community take strong action and improve security, e fit reduce some of these bad effects over time.