Cyvers: Bitcoin ETF may become the target of North Korean hacker group Lazarus Group

Cybersecurity experts warn that the notorious North Korean hacker group "Lazarus Group" may target U.S. Bitcoin ETFs as a new attack objective. Michael Pearl, Vice President of GTM Strategy at Cyvers, suggests that due to potential huge returns, hackers might shift their focus towards U.S. Bitcoin ETFs. According to Dune data, U.S. ETFs currently hold $52.1 billion worth of Bitcoin, making it an attractive target for hackers. Pearl warns not only could ETF providers become targets of attacks but all associated companies also face risks; therefore, resolving vulnerabilities in ETFs is urgent to prevent a possible "super hacker" incident.