G7 Summit to Tackle North Korea’s Expanding Crypto Hacking Threat This June

Crypto fans, buckle up—June’s shaping up to be a blockbuster month for digital assets, but not for the reasons you might hope. The Group of Seven (a.k.a. the G7, not a K-pop band) is prepping to huddle up in the scenic peaks of Alberta, Canada, and word on the blockchain is they’ve got their eyes on one of crypto’s biggest villains: North Korea’s cybercrime syndicate. That’s right, Kim Jong-un’s keyboard warriors may finally be getting their moment in the international spotlight… and not the flattering kind.

G7 Eyes North Korea’s Not-So-Secret Crypto Crime Network

According to a recent scoop by Bloomberg, the upcoming G7 summit could feature a heated discussion on the global crypto industry’s persistent boogeyman—North Korean hackers. While the official agenda hasn’t been locked in tighter than a cold wallet, insiders are hinting that Pyongyang’s digital crime spree is too big (and expensive) to ignore.

Set to kick off in mid-June 2025, the summit will bring together leaders from the United States, United Kingdom, Canada, France, Germany, Italy, and Japan. Beyond the usual suspects like the Russia-Ukraine situation and the U.S.-China trade drama, crypto hacks (especially North Korea’s greatest hits) may take center stage. After all, when even the White House is sounding the alarm that stolen crypto is being funneled into missile programs and sanction-dodging shenanigans, it’s probably time to stop scrolling and start acting.

Crypto’s Most Wanted: A Decade of Digital Heists

Let’s rewind to 2014—Frozen was still dominating box offices, and North Korea quietly began its crypto hacking conquest. Fast forward to today, and their cybercrime empire has grown more sophisticated than your favorite DeFi protocol. From phishing campaigns to fake resumes, these hackers have played every trick in the book (and some new chapters they wrote themselves).

In 2024 alone, nearly 50 high-profile crypto heists were reported, with a jaw-dropping $1.34 billion in digital assets vanishing like your altcoin gains during a bear market. One of the most recent and eyebrow-raising cases involved Bybit in 2025, where attackers reportedly made off with a cool $1.5 billion. That’s not a typo—that’s billion with a ‘B.’ And it’s not just about money. These hacks are being linked to North Korea’s larger strategy of evading economic sanctions and fueling weapons development. Basically, it’s Ocean’s Eleven meets Armageddon.

What makes things even trickier is that these cybercriminals aren’t just hiding behind firewalls—they’re masquerading as developers and job seekers across countries like Russia and China. Kraken, a major crypto exchange, even flagged a case where one such hacker tried to infiltrate under a fake identity. The plot thickens… and so does the G7’s motivation to finally hit “update” on global cybersecurity protocols.

Why This Matters: Beyond the Blockchain

Sure, having your favorite DeFi yield farm rugged is rough, but this issue goes beyond apes and NFTs. When state-sponsored hackers are draining billions from global crypto markets and converting them into geopolitical leverage, it’s no longer just a crypto problem—it’s a world problem. If the G7 doesn’t act soon, we might be looking at a future where crypto security is dictated by who has the best black hat hackers, not the most robust infrastructure.

Leaders attending the summit may push for better international collaboration on cybercrime prevention, more transparency in crypto transactions, and potentially even sanctions or retaliatory measures against countries harboring these digital pirates. Whether or not they’ll agree on a game plan is anyone’s guess, but at least they’re finally acknowledging that the fox has been in the henhouse for far too long.

FAQ: G7 and the Crypto Crime Fight

Is the G7 summit definitely going to address North Korean crypto hacks?

While the final agenda hasn’t been released, multiple sources suggest it’s highly likely. The scale of North Korea’s cybercrimes and their geopolitical implications make it a hot-button issue for global leaders.

How much crypto has North Korea stolen?

Since 2014, estimates suggest North Korean hackers have stolen billions, with 2024 alone seeing thefts totaling over $1.3 billion. And that’s just what’s been publicly reported.

What kind of hacks are we talking about?

Everything from phishing and social engineering to full-blown exploits targeting exchanges and DeFi protocols. They’ve even tried infiltrating companies by applying for jobs using fake identities.

What could the G7 do about it?

The summit could result in collaborative cybersecurity initiatives, stronger regulatory frameworks, and possibly sanctions aimed at limiting North Korea’s access to digital financial systems.

Final Byte

As the G7 leaders prepare to swap handshakes and hors d’oeuvres in the Canadian Rockies, they may also be laying the groundwork for a new era in global crypto security. Whether you’re a Bitcoin HODLer, a DeFi degenerate, or just someone who’s tired of hearing “North Korea” and “stolen crypto” in the same sentence, this summit could be a turning point. Stay tuned—and maybe double-check that your seed phrase is stashed somewhere safe.