Circle, a prominent company in the crypto industry, finds itself in hot water as it faces allegations of “extracting” from hacks by the notorious Lazarus Group. The accusations have drawn criticism from cybersecurity expert ZachXBT, bringing attention to the urgent need for stronger regulatory oversight and more efficient incident response in the cryptocurrency space. This incident highlights the challenges faced by the industry and the importance of rapid and appropriate action in order to protect both investors and the integrity of the sector.
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Circle accused of ‘extracting’ from Lazarus Group hacks, faces criticism from ZachXBT
By
Eleanor Ashworth — Editor-in-Chief
About the author · Editor-in-Chief
Eleanor Ashworth
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.