How does North Korea steal crypto? 🚨 The U.S. has revealed how — and warns the secretive state is deliberately targeting companies in the industry 👇
North Korean groups are deliberately targeting crypto exchanges, DeFi protocols, play-to-earn games and high-net-worth individuals, the U.S. government has warned.
A new alert by the FBI and the Treasury Department has sought to lift the lid on some of the techniques used by the Lazarus Group — with companies urged to patch vulnerabilities, train employees on how to recognize phishing attempts, and use multi-factor authentication. The statement warns that victims of social engineering attacks are often encouraged to download "trojanized" crypto applications that appear genuine. From here, attackers gain control of their computer, spread malware across their network, and steal private keys.
"These actors will likely continue exploiting vulnerabilities of cryptocurrency technology firms, gaming companies, and exchanges to generate and launder funds to support the North Korean regime." According to the alert, victims who work in system administration or software development are often sent messages that pretend to be from a recruitment company — offering high-paying roles. They're wooed into downloading a type of malicious app that the U.S. government calls "TraderTraitor" — and worryingly, they're often accompanied by bogus websites with convincing designs.
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