---
title: "North Korean Hackers Moved $38M Through Relay Protocol in 7 Hours"
url: https://thecoingazette.com/north-korean-hackers-moved-38m-through-relay-protocol-in-7-hours/
date: 2026-10-31
modified: 2026-10-31
lang: en
author: "Coin Gazette Editorial"
description: "On-chain analyst Specter reported that North Korean hackers transferred approximately $38 million th..."
categories:
  - "Crypto News"
word_count: 92
---

# North Korean Hackers Moved $38M Through Relay Protocol in 7 Hours

On-chain analyst Specter reported that North Korean hackers transferred approximately $38 million through Relay Protocol within seven hours, with transfers still ongoing at the time of the post. Despite Relay's claims of having a Know Your Transaction (KYT) monitoring system in place, it failed to block the transfers.

Specter noted that North Korean hackers would have struggled to move such a large amount through THORChain in the same timeframe, raising questions about Relay's compliance and risk controls. Relay Protocol is a cross-chain bridge and interoperability protocol that enables asset transfers across multiple blockchains.