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If North Korean Cybercrime Was a Startup, How Much Would it be Worth?

North Korean state-sponsored hacking had a banner year. With a record $1.5 billion dollars stolen from Bybit in February [1], the North Korean advanced persistent threat (APT) nicknamed Lazarus Group raked in approximately $2 billion dollars of cryptocurrency in 2025. This represents a 51% year-over-year growth. These eye watering numbers made me wonder: if we

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