North Korean's Lazarus vs DeFi: The JP Thor Hack and How $$1.3M Was Drained using THORChain

Tether has just announced USAT (USA₮) — a fully U.S.-regulated stablecoin designed to comply with the new GENIUS Act, while Kazakhstan revealed plans to launch a national Bitcoin reserve by 2026. At the same time, BlackRock is pushing deeper into tokenization of funds and real-world assets (RWAs), and Solana has surged past $240 on institutional inflows, DeFi growth, and treasury adoption. We’ll also cover the shocking story of JP Thor’s $1.3M hack by North Korean deepfake scammers, a reminder of how fast crypto security threats are evolving.

In this livestream, I’ll break down the full context, mechanics, and implications of each of these stories: why Tether created USAT instead of adapting USDT, what the GENIUS Act really means for stablecoins, how Kazakhstan could join the global BTC reserve race, and why Solana is leading this altseason. Plus, we’ll dive into BlackRock’s BUIDL fund and the broader RWA boom that could unlock trillions, alongside key security lessons from the JP Thor attack. This is your deep dive into the biggest crypto headlines shaping September 2025.