{"id":11369,"date":"2025-09-15T10:34:05","date_gmt":"2025-09-15T10:34:05","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=11369"},"modified":"2025-09-15T10:34:07","modified_gmt":"2025-09-15T10:34:07","slug":"uk-crypto-groups-push-blockchain-into-u-s-tech-bridge-talks-as-north-korean-hackers-target-thorchain-co-founder","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/09\/15\/uk-crypto-groups-push-blockchain-into-u-s-tech-bridge-talks-as-north-korean-hackers-target-thorchain-co-founder\/","title":{"rendered":"UK Crypto Groups Push Blockchain Into U.S. Tech Bridge Talks as North Korean Hackers Target THORChain Co-Founder"},"content":{"rendered":"\n

The past week has highlighted both the opportunities and risks shaping the global crypto industry. In London, trade groups are pressing the U.K. government to ensure blockchain is part of the country\u2019s upcoming \u201ctech bridge\u201d partnership with the U.S.<\/strong>. Meanwhile, in a sobering reminder of crypto\u2019s vulnerabilities, North Korean hackers drained $1.3 million from a THORChain co-founder<\/strong> in an elaborate deepfake scam.<\/p>\n\n\n\n

UK Trade Groups: \u201cDon\u2019t Sideline Blockchain\u201d<\/h2>\n\n\n\n

Several major U.K. organizations including the Cryptoasset Business Council, UK Finance, and TheCityUK<\/strong> have urged ministers to make digital assets and blockchain a core part of the UK\u2013US Tech Bridge deal<\/strong>.<\/p>\n\n\n\n

In a letter to Business Secretary Peter Kyle and Treasury Economic Secretary Lucy Rigby, the groups warned:<\/p>\n\n\n\n

\n

\u201cExcluding digital assets from the UK-US Tech Bridge would be a missed opportunity. It risks leaving Britain on the sidelines while others particularly in the Middle East and Asia move ahead in setting the standards that will shape the future of finance.\u201d<\/p>\n<\/blockquote>\n\n\n\n

The \u201ctech bridge\u201d is aimed at strengthening collaboration with Washington on emerging technologies like AI, quantum computing, and cybersecurity. Advocates argue that blockchain deserves equal footing, given its role in payments, financial infrastructure, and tokenized assets.<\/p>\n\n\n\n

A government spokesperson echoed the importance of the partnership, saying the U.K. and U.S. are \u201cnatural partners\u201d<\/strong> thanks to their trillion-dollar tech sectors. But whether blockchain makes it into the final framework remains uncertain.<\/p>\n\n\n\n

THORChain Co-Founder Hit by Deepfake Hack<\/h2>\n\n\n\n

While policymakers debated blockchain\u2019s future, a stark security breach showed the sector\u2019s ongoing risks. THORChain co-founder JP Thor<\/strong> revealed he lost roughly $1.3 million<\/strong> after falling victim to a sophisticated North Korean cyberattack<\/strong>.<\/p>\n\n\n\n

The hack began when a friend\u2019s Telegram account was compromised<\/strong>, leading Thor into what appeared to be a legitimate Zoom call<\/strong>. During the session, hackers deployed a deepfake video<\/strong> of his friend to gain trust. In reality, malicious code was executed in the background.<\/p>\n\n\n\n

The script copied his iCloud files and exploited a zero-day vulnerability<\/strong>, eventually draining his MetaMask wallet<\/strong> linked to an inactive Chrome profile.<\/p>\n\n\n\n

Thor later shared screenshots of the breach on X (formerly Twitter), warning the community about the growing sophistication of state-backed cybercrime.<\/p>\n\n\n\n

To encourage recovery, his team has offered a bounty for the return of funds<\/strong>, promising no legal consequences if the stolen crypto is returned within 72 hours.<\/p>\n\n\n\n

A Bigger Pattern of North Korean Hacks<\/h2>\n\n\n\n

The attack on Thor is part of a broader trend. According to blockchain security firms, North Korea-linked groups have stolen over $2 billion in 2025 alone<\/strong>, targeting both exchanges and individuals.<\/p>\n\n\n\n

The most high-profile case came in February, when hackers made off with $1.5 billion from Bybit<\/strong>. Combined with deepfake video calls, fake job offers, and developer-targeted malware, this year\u2019s thefts highlight a rapidly evolving playbook.<\/p>\n\n\n\n

Experts warn that video verification is no longer reliable<\/strong> in an era of AI-generated fakes, urging firms and executives to adopt stricter protocols.<\/p>\n\n\n\n

The Takeaway<\/h2>\n\n\n\n

On one hand, crypto\u2019s potential as a cornerstone of international trade policy is clearer than ever, with the U.K. industry lobbying to secure blockchain\u2019s role in the Tech Bridge<\/strong>. On the other, its vulnerabilities remain equally stark, as North Korean cyberattacks continue to siphon billions from the sector.<\/p>\n\n\n\n

Together, these stories capture crypto\u2019s defining paradox in 2025: a technology powerful enough to reshape global finance, but still fragile enough to be exploited by bad actors.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The past week has highlighted both the opportunities and risks shaping the global crypto industry. In London, trade groups are pressing the U.K. government to ensure blockchain is part of the country\u2019s upcoming \u201ctech bridge\u201d partnership with the U.S.. Meanwhile, in a sobering reminder of crypto\u2019s vulnerabilities, North Korean hackers drained $1.3 million from a…<\/p>\n","protected":false},"author":3,"featured_media":11370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nUK Crypto Groups Push Blockchain Into U.S. Tech Bridge Talks as North Korean Hackers Target THORChain Co-Founder - Crypto News<\/title>\n<meta name=\"description\" content=\"K crypto groups push to include blockchain in the US Tech Bridge deal, while North Korean hackers steal $1.3M from THORChain\u2019s co-founder in a deepfake scam.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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