North Korea’s Lazarus Group hacks $635M from crypto protocols in April
In April 2026, North Korea's Lazarus Group was responsible for hacking $635 million from various cryptocurrency protocols, including major breaches on Drift Protocol and Kelp DAO. These attacks contributed to a $13 billion drop in decentralized finance (DeFi) total value locked and eroded market confidence. As a result, market pricing reflects diminished expectations for Ethereum and Bitcoin to reach key price targets by the end of the month.
- ▪North Korea’s Lazarus Group stole $635 million from crypto protocols in April 2026.
- ▪The Drift Protocol hack on Solana resulted in a $285 million loss.
- ▪Kelp DAO lost $292 million through a LayerZero bridge exploit on Ethereum.
- ▪The attacks contributed to a $13 billion decline in DeFi Total Value Locked (TVL).
- ▪Market pricing shows only a 0.4% chance of Ethereum reaching $4,000 and a 0.6% chance for Bitcoin hitting $79,000 by April 30.
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## Market Snapshot Ethereum’s potential to reach $4,000 in April is currently priced at 0.4% YES, a significant decrease from 1% over the past 24 hours. Similarly, Bitcoin’s chance of reaching $79,000 by April 30 is priced at 0.6% YES, reflecting a decline from earlier levels. ## Key Takeaways – The recent wave of crypto protocol hacks appears to have decreased confidence in Ethereum’s security, with market pricing suggesting a lower likelihood of reaching $4,000 in April. – Bitcoin pricing reflects similar unease, with market participants seemingly doubtful about achieving a $79,000 target by the end of April. – The focus on infrastructure vulnerabilities and the high-profile involvement of North Korea’s Lazarus Group suggests continued risk in DeFi ecosystems.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Crypto Briefing.
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