DWF Labs Hack: $44 Million Loss Concealed in 2022?

Crypto
Author

author: CryptoNews

date: November 04, 2025

1 min. read

Did DWF Labs secretly suffer a $44 million hack in 2022? An X user, tanuki42, alleges that North Korean-linked hackers targeted the market maker in September 2022, stealing significant amounts of USDC and USDT. The accusation, amplified by on-chain analyst ZachXBT, claims DWF Labs has yet to publicly address the supposed incident. The lack of transparency surrounding this alleged $44 million hack raises questions about DWF Labs' operational security and communication practices. The silence contrasts sharply with the usual practice of crypto firms promptly reporting security breaches to maintain user trust and market confidence. This incident, if confirmed, could impact DWF Labs' reputation and future dealings within the crypto ecosystem. The crypto community awaits clarification on the matter. ```