North Korean hackers, under the BlueNoroff subgroup of the Lazarus Group, have escalated their cyberattacks, shifting from social media manipulation to targeted phishing emails in their 'Hidden Risk' campaign.
These emails, disguised as crypto news or DeFi updates, lead to malware-laden links that bypass security features like macOS’s Gatekeeper, allowing hackers to steal sensitive data.
As the cryptocurrency sector grows, North Korean hackers are increasingly focusing on DeFi and ETF firms, using phishing and social engineering to target employees.
The FBI has issued warnings, urging firms to strengthen security and cross-check wallet addresses.
The Lazarus Group has also exploited privacy protocols like RailGun for crypto money laundering, prompting U.S. sanctions on services like Tornado Cash.
Experts advise cryptocurrency firms, particularly those on macOS, to enhance security with regular malware scans and careful scrutiny of email attachments to defend against these evolving threats.
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.