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Reading: Alec Zubrick: What 2025 taught us about North Korea’s crypto strategy | NK News
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Blockchain

Alec Zubrick: What 2025 taught us about North Korea’s crypto strategy | NK News

Last updated: February 12, 2026 8:45 am
Published: 3 months ago
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Blockchain analyst outlines how DPRK groups are refining tactics and focusing on high-value targets to maximize returns

Alec Zubrick of blockchain analytics company Chainalysis joins this week’s episode to break down how North Korea-linked actors are upgrading their tactics to steal cryptocurrency, why 2025 was a record year for large-scale hacks and what can be done to reduce risk.

The expert explores the shift in North Korean operations toward fewer but much larger targets, as exemplified by the outsized impact of the DPRK’s Bybit heist last year. He places this in the context of state-backed actors’ preference for “high-impact” operations over the “spray-and-pray” model common among non-state cybercriminals.

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