The FBI has issued a warning about advanced cyberattacks targeting cryptocurrency and DeFi companies, linked to North Korean hackers.
These cybercriminals employ sophisticated strategies involving extensive pre-attack research and manipulation tactics to infiltrate and steal digital assets.
North Korean hackers use a variety of deceptive methods, such as crafting fake job offers or investment opportunities that appear genuine due to their detailed personalization. They often engage with their targets over extended periods to build trust and make their malicious intent less detectable.
Impersonation is another common tactic, where attackers pose as well-known figures or reputable organizations, creating realistic fake profiles and events to gain credibility.
The FBI advises vigilance against signs of these attacks, including unsolicited code execution requests and unexpected offers or communication transfers to less secure platforms.
The warning highlights the ongoing threat posed by North Korean cyber actors and underscores the need for heightened security measures within the cryptocurrency sector.
Chris Larsen, the co-founder of Ripple, suffered a significant financial blow in 2024 when he lost over $661 million worth of XRP due to a security breach in the password management system LastPass.
Venture capitalist and Mission Gate founder George Bachiashvili is now facing imprisonment in Georgia after a court revoked his bail.
Hackers have exploited a vulnerability in DeFi aggregator 1inch’s resolver smart contract, leading to losses of over $5 million, according to blockchain security firm SlowMist.
Tether has taken a significant step by freezing $27 million worth of USDt on the Russian crypto exchange Garantex, which has led to the platform halting its operations.