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North Korea Denies Crypto Hacks as $2B in Losses Mount, P2P Traders Watch Spreads
P2P MarketsNeutral1 min readMay 4, 2026BeInCrypto ↗

North Korea Denies Crypto Hacks as $2B in Losses Mount, P2P Traders Watch Spreads

Pyongyang calls cyber threat claims 'absurd slander' while blockchain data screams otherwise. With billions in crypto hacks linked to DPRK actors, P2P merchants need to stay sharp.

NORTH KOREA CLAIMS 'ABSURD SLANDER' AMIDST NEARLY $2 BILLION IN CRYPTO HACK LOSSES.

Pyongyang is pushing back hard, calling allegations of state-sponsored cybercrime a smear campaign, but the numbers don't lie.

Blockchain forensics reveal DPRK-linked actors are responsible for a staggering 76% of crypto hack losses in 2026 through April, totaling $577 million in just two incidents. In 2025, losses hit $2.02 billion, including a massive Bybit hack.

This ongoing crypto heist spree means increased volatility and potential for wider spreads on Binance P2P and Bybit P2P as market makers adjust to heightened risk.

P2P traders must brace for wider bid-ask spreads and increased KYC scrutiny as exchanges tighten up in response to these persistent threats.