{"id":3221,"date":"2026-07-27T08:40:24","date_gmt":"2026-07-27T08:40:24","guid":{"rendered":"https:\/\/xrpfaucet.site\/?p=3221"},"modified":"2026-07-27T08:40:24","modified_gmt":"2026-07-27T08:40:24","slug":"clarity-act-closes-gaps-north-koreas-lazarus-group-used-to-steal-6-75-billion","status":"publish","type":"post","link":"https:\/\/xrpfaucet.site\/?p=3221","title":{"rendered":"CLARITY Act Closes Gaps North Korea&#8217;s Lazarus Group Used to Steal $6.75 Billion"},"content":{"rendered":"<div class=\"crypto-article\">\n<p>\ud83d\udcf0 <strong>Exclusive Crypto News &#038; Analysis:<\/strong> Stay ahead with the latest developments in the cryptocurrency and blockchain space.<\/p>\n<p>\ud83d\udcc8 <strong>Market Update:<\/strong> Real-time price movements, technical analysis, and trading signals.<\/p>\n<div>\n<div class=\"@container mb-(25px) rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-(6px) !bg-success-10 p-3 @(420px):p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-(19px) !text-(#1c1c1c) md:text-(20px)\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Lummis says CLARITY Act Sections 303 and 305 target North Korea\u2019s Lazarus Group with new freeze tools.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">North Korea-linked hackers took roughly two-thirds of the $972 million stolen in H1 2026.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-(#434248)\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">CLARITY Act needs 60 Senate votes and seven Democratic crossovers before its floor-vote deadline.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Section 303 and 305 Target Illicit Funds<\/h2>\n<p>Cynthia Lummis, one of the CLARITY Act\u2019s lead sponsors, took to X and pointed to the bill\u2019s anti-money laundering provisions as she pushes for a Senate floor vote before lawmakers leave for August recess.<\/p>\n<figure id=\"attachment_834390\" aria-describedby=\"caption-attachment-834390\" style=\"width:1045px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-834390\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/lummis-clarity-act-closes-gaps-north-koreas-lazarus-group-used-to-steal-6-75-billion_nwmk.jpg\" alt=\"Lummis Tweet about CLARITY act\" width=\"1045\" height=\"393\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/lummis-clarity-act-closes-gaps-north-koreas-lazarus-group-used-to-steal-6-75-billion_nwmk-300x113.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/lummis-clarity-act-closes-gaps-north-koreas-lazarus-group-used-to-steal-6-75-billion_nwmk-1024x385.jpg 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/lummis-clarity-act-closes-gaps-north-koreas-lazarus-group-used-to-steal-6-75-billion_nwmk-768x289.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/lummis-clarity-act-closes-gaps-north-koreas-lazarus-group-used-to-steal-6-75-billion_nwmk.jpg 1045w\" sizes=\"auto, (max-width: 1045px) 100vw, 1045px\"\/><figcaption id=\"caption-attachment-834390\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>The Wyoming Republican has repeated the argument since defending the legislation from Senator Elizabeth Warren earlier this month, <a href=\"https:\/\/x.com\/SenLummis\/status\/2072450008494858301\" target=\"_blank\" rel=\"noopener noreferrer\">stating that<\/a>:<\/p>\n<blockquote class=\"quote-solid\">\n<p>\u201cSec. 303 enables new crypto sanctions on Iran. Sec. 305 lets exchanges stop illicit funds before they reach North Korea.\u201d<\/p>\n<\/blockquote>\n<p>Section 303 gives the Treasury <a href=\"https:\/\/news.bitcoin.com\/lummis-fires-back-at-warren-says-clarity-act-has-16-illicit-finance-safeguards\/\">new special-measure authority<\/a> to designate foreign jurisdictions or financial institutions as a \u201cprimary money laundering concern\u201d specifically for digital asset activity. Once a jurisdiction is designated, covered exchanges and stablecoin issuers must prohibit or restrict fund transfers involving it, extending a tool regulators have long used against correspondent banks into crypto for the first time.<\/p>\n<p>Section 305, on the other hand, <a href=\"https:\/\/news.bitcoin.com\/noble-law-enforcement-backs-clarity-act\/\">works at the transaction level,<\/a> allowing exchange operators and stablecoin issuers to place a 30-day hold on any transaction they have reason to believe involves illicit activity, extendable to 180 days total if law enforcement submits a formal written request.<\/p>\n<p>Firms that act in good faith get a safe harbor from civil liability, while existing suspicious activity report obligations stay in place. Lummis has paired both sections with Section 201, which extends Bank Secrecy Act (BSA) anti-money laundering (AML) requirements to digital asset firms for the first time, part of what she calls more than 16 illicit-finance safeguards built into the bill, a case she has also made for why the CLARITY Act would <a href=\"https:\/\/news.bitcoin.com\/clarity-act-would-protect-customer-crypto-from-exchange-bankruptcies-senator-says\/\">protect customer crypto in exchange<\/a> bankruptcies.<\/p>\n<h2>Lazarus Group\u2019s Escalating 2026 Haul<\/h2>\n<p>North Korea-linked hackers were responsible for roughly <a href=\"https:\/\/www.trmlabs.com\/resources\/blog\/h1-2026-crypto-hacks-reach-record-high-as-losses-fall-below-usd-1-billion\" target=\"_blank\" rel=\"noopener noreferrer\">two-thirds of all crypto hacking losses<\/a> worldwide in the first half of 2026, about $643 million of the $972 million stolen across a record 207 incidents.<\/p>\n<p>The single largest hits came in April, when the Lazarus Group drained Solana-based Drift Protocol of $285 million and then compromised the Layerzero bridge connecting DeFi platform KelpDAO to Ethereum for <a href=\"https:\/\/news.bitcoin.com\/lazarus-group-suspected-of-moving-175m-in-eth-after-arbitrum-freezes-71m-from-kelpdao-exploit\/\">another $292 million<\/a>.<\/p>\n<p>Those losses build on a pattern <a href=\"https:\/\/www.chainalysis.com\/blog\/crypto-hacking-stolen-funds-2026\/\" target=\"_blank\" rel=\"noopener noreferrer\">researchers have tracked for years<\/a>with DPRK-linked actors stealing a record $2.02 billion in 2025 alone, a 51% jump from the year before, pushing the group\u2019s cumulative haul since 2019 to $6.75 billion. The single largest exploit remains the February 2025 attack on Bybit, where Lazarus-linked hackers made off with roughly $1.5 billion in ethereum.<\/p>\n<p>The group has also shifted tactics this year, moving beyond bridge and protocol exploits toward direct targeting of crypto executives. To this point, Bitcoin.com News <a href=\"https:\/\/news.bitcoin.com\/mach-o-man-malware-steals-macos-keychain-data-in-lazarus-group-crypto-campaign\/\">tracked a Lazarus-linked campaign<\/a> dubbed Mach-O Man in April, which uses fake meeting invitations and a social-engineering technique called ClickFix to trick fintech and crypto staff into pasting malicious commands into their own Mac terminals, giving hackers a foothold before any onchain theft even begins.<\/p>\n<\/p><\/div>\n<p>\ud83d\udca1 <strong>Pro Tip:<\/strong> Bookmark our site for daily insights, market predictions, and expert trading strategies.<\/p>\n<p>\ud83d\udd17 <strong>Explore More:<\/strong> Check our sections for in-depth guides, exchange reviews, and blockchain technology deep-dives.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcf0 Exclusive Crypto News &#038; Analysis: Stay ahead with the latest developments in the cryptocurrency and blockchain space. \ud83d\udcc8 Market Update: Real-time price movements, technical analysis, and trading signals. Key Takeaways Lummis says CLARITY Act Sections 303 and 305 target North Korea\u2019s Lazarus Group with new freeze tools. North Korea-linked hackers took roughly two-thirds of &hellip;<\/p>\n","protected":false},"author":1,"featured_media":3222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":""},"categories":[10],"tags":[500,882,1396,1397],"class_list":["post-3221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-clarity-act","tag-cynthia-lummis","tag-lazarus-group","tag-north-korea"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/3221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3221"}],"version-history":[{"count":0,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/posts\/3221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=\/wp\/v2\/media\/3222"}],"wp:attachment":[{"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xrpfaucet.site\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}