Chris Giancarlo pitches reviving letters of marque to fight Lazarus Group
- —Giancarlo and Christopher Perkins floated the idea in a February 2025 op-ed
- —The proposal followed Lazarus Group's theft of roughly $1.4–1.5 billion from Bybit
- —H.R. 4988 would authorize operations against foreign cybercriminal enterprises
- —An August 2026 White House memo avoided direct engagement with nation-states
Why it matters: The push will shape whether private firms can legally recover stolen crypto and how Washington confronts North Korea-linked hackers.
Source: Crypto Briefing