DWF Labs is alleged to have suffered at least $44 million in losses due to a suspected attack by North Korea's AppleJeus.

Huoxun Finance reported on November 5th that independent researcher tanuki42 claims that market maker DWFLabs was allegedly hacked by the North Korean-linked threat group AppleJeus in September 2022, resulting in a loss of at least $44 million, primarily in USDC/USDT. Funds from the affected addresses were allegedly transferred to Bitcoin and remained dormant for an extended period, with some recently flowing into the custodial mixing service Mixero. The post also lists multiple related transactions and untouched BTC addresses. As of November 2025, DWFLabs has not publicly confirmed the incident.