SBI Crypto Reports Suspected $21 Million Security Breach Involving Multiple Tokens
SBI Crypto experiences a significant breach involving multiple cryptocurrencies, with stolen funds laundered through instant exchanges and Tornado Cash, drawing parallels to prior North Korean hacking incidents.
BTC
ETH
DOGE
Summary
SBI Crypto disclosed a breach on September 24, 2025, involving the theft of $21 million across BTC, ETH, LTC, DOGE, and BCH. The stolen funds were moved through instant exchanges and deposited into Tornado Cash. ZachXBT identified similarities to previous North Korean cyberattacks, raising concerns over state-affiliated crypto crime and the use of privacy tools for laundering.
Terms & Concepts
- Tornado Cash: A decentralized cryptocurrency mixer on the Ethereum blockchain that obfuscates transaction details to enhance privacy.
- Instant Exchange Platform: Online services enabling rapid cryptocurrency conversion without requiring lengthy account verification processes.