$21M in Bitcoin and Other Crypto Stolen From Japanese Miner SBI, Says Blockchain Sleuth

October 1, 2025

in Web3

Reading Time: 4 mins read

Briefly

Round $21 million in crypto was stolen from addresses tied to Japanese miner SBI Crypto, in accordance with blockchain sleuth ZachXBT.
The blockchain sleuth says that the crypto has been laundered by way of Twister Money.
SBI Crypto has but to acknowledge the suspicious transfers.

Suspicious outflows totaling about $21 million from addresses tied to Japan-based crypto miner SBI Crypto have been labeled “stolen” by a blockchain skilled.

Blockchain sleuth ZackXBT highlighted the actions from the corporate, writing on Telegram that the lacking funds included Bitcoin, Ethereum, Litecoin, Dogecoin, and Bitcoin Money.

He added that the funds have been moved to “prompt exchanges” or laundered via coin mixer Twister Money.

The incident is the most recent in a collection of breaches this yr, together with the $1.4 billion hack of crypto change Bybit and theft of virtually $50 million from crypto neobank Infini. The full quantity stolen from varied crypto entities this yr by the top of February had already practically matched 2024’s full-year whole.

Twister Money is a coin mixing app that enables customers to cover their Ethereum transactions. The U.S. Treasury Division put the blending service on the Specifically Designated Nationals checklist in 2022 however eliminated it from the checklist this yr.

The U.S. Justice Division and different legislation enforcement businesses globally have alleged that North Korean state-sponsored hacking group Lazarus Group had used the app to launder stolen funds. Investigators have linked Lazarus to the Bybit exploit and plenty of different incidents. The group sometimes tries to cover stolen funds via decentralized exchanges and obfuscating apps.

ZachXBT wrote on Telegram that “a number of indicators share similarities to different identified Democratic Folks’s Republic of Korea assaults.”

He added that SBI Crypto had but to publicly disclose the incident.

Decrypt reached out to SBI Crypto however didn’t instantly obtain a response.

SBI Crypto is a crypto mining pool owned by Japan’s publicly-traded funding administration firm SBI Group.

The corporate’s crypto arm, SBI VC Commerce, final yr agreed to take management of Bitcoin change DMM Bitcoin’s buyer property and accounts following a $308 million hack.