Lazarus Group's $2B Haul: Valuing North Korea's Cybercrime Empire Like a Tech Unicorn
North Korea's Lazarus Group stole a record $2 billion in cryptocurrency in 2025, marking 51% year-over-year growth. This analysis reimagines the state-sponsored hacking operation as a startup, revealing staggering profitability metrics that eclipse legitimate cybersecurity firms and underscore systemic vulnerabilities in digital asset security.