CryptoMediaClub
Sunday, July 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

FBI Warns of North Korean Cyberattacks on Crypto ETF Companies

04.09.2024
A A
0
125
VIEWS
ShareShare

The FBI has issued a warning to the cryptocurrency industry about North Korean’s increasing use of sophisticated social engineering tactics to target employees of decentralized finance (DeFi) platforms, cryptocurrency companies, and those involved with cryptocurrency exchange-traded funds (ETFs).

The Democratic People’s Republic of Korea (DPRK) has been aggressively deploying elaborate and highly tailored cyberattacks aimed at infiltrating companies and stealing cryptocurrency assets.

Despite advanced cybersecurity measures, the scale and persistence of these attacks have proven challenging even for those well-versed in cybersecurity.

Cryptocurrency Companies in Danger, FBI Warns

BREAKING: FBI SAYS NORTH KOREA MAY ATTEMPT MALICIOUS CYBER ACTIVITIES AGAINST COMPANIES ASSOCIATED WITH CRYPTO ETFS pic.twitter.com/i8oFjgtGJr

— DEGEN NEWS (@DegenerateNews) September 3, 2024

The FBI warning to companies in the cryptocurrency sector is said to be part of a new wave of cyberattacks orchestrated by North Korean state-sponsored hackers.

These cybercriminals have been aggressively targeting businesses involved in decentralized finance (DeFi), cryptocurrency exchange-traded funds (ETFs), and other related industries through highly tailored and sophisticated social engineering campaigns.

These efforts are aimed at deploying malware and stealing large quantities of cryptocurrency assets, and even expert cybersecurity practitioners find them scary.

The attack is orchestrated from pre-operational research and meticulously crafted social engineering tactics designed to deceive employees of targeted companies.

According to the FBI, these actors conduct extensive background checks on potential victims, including their social media activity and professional networking profiles.

Using the information they gathered, they construct individualized, highly believable scenarios that appeal specifically to the victim’s background, skills, and interests.

These approaches often include employment offers, corporate investments, or other attractive and legitimate opportunities.

North Korean hackers are known to go to great lengths to establish rapport with their targets, engaging in prolonged communications to build trust and deliver malware under seemingly innocuous circumstances.

They have impersonated legitimate recruiters, technology firms, and even known contacts within the industry, using stolen imagery and fake identities to add credibility to their schemes.

The FBI also notes that these actors are fluent in English and deeply understand the technical aspects of the cryptocurrency field. The realism of their deceptions takes a lot of work to detect.

North Korean’s Persistent Threat to the Crypto Sector

In recent months, the FBI has observed North Korean cyber actors conducting detailed reconnaissance on companies associated with cryptocurrency ETFs.

This research indicates that these entities actively prepare for malicious activities against firms managing or connected to cryptocurrency ETFs.

Given North Korea’s advanced capabilities and relentless pursuit of cryptocurrency assets, the FBI emphasizes that companies must remain vigilant and adopt robust security measures to mitigate the risks.

The FBI’s warning outlines several key indicators of North Korean social engineering activity, which include unexpected requests to execute code or download applications on company-owned devices, offers of high-paying jobs from well-known firms without prior discussions, and unsolicited investment opportunities.

Additionally, the hackers often insist on using non-standard software or platforms, ostensibly for routine tasks, and may push to move professional communications to less secure messaging applications.

These tactics are designed to circumvent conventional security protocols and gain unauthorized access to sensitive networks and financial assets.

To counter these threats, the FBI recommends a series of mitigation strategies for companies in the cryptocurrency space. It can be found in detail here.

Notably, the recent WazirX hack resulted in a loss of $235 million, with most suspicions pointing toward North Korean hackers.

A recent report of an investigation also showed that North Korean national fake job applicants are reportedly applying for crypto jobs to infiltrate projects for malicious purposes.

A report in June also pointed at something similar: a threat intelligence report from Google Cloud exposed a large wave of cyberattacks by North Korean hackers targeting cryptocurrency exchanges, fintech companies, and individuals in Brazil.

The North Korean Lazarus Group has laundered over $200 million worth of crypto into fiat currency between August 2020 and October 2023, making them one of the biggest cyber threats to crypto.

The post FBI Warns of North Korean Cyberattacks on Crypto ETF Companies appeared first on Cryptonews.

Share10Tweet6ShareSharePin2

Related Posts

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains
All news

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

27.07.2025
0

Solana’s price continues to consolidate around the $185 level, following its successful breach of a critical resistance level near $180...

Read moreDetails
Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

27.07.2025
Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

27.07.2025
Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

27.07.2025
What if Strategy Had Invested in XRP Instead of Bitcoin? 

What if Strategy Had Invested in XRP Instead of Bitcoin? 

27.07.2025
Load More
Next Post
Dogecoin Community Flocks to Exciting “11 Cent” ICO with Eyes on 1,000% Gains

Dogecoin Community Flocks to Exciting “11 Cent” ICO with Eyes on 1,000% Gains

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Grayscale Complaints To SEC Court For Not Approving Bitcoin Spot ETF!

Grayscale Complaints To SEC Court For Not Approving Bitcoin Spot ETF!

2 years ago
Busy week for Uniswap, and Platypus recovers 90% of hacked funds: Finance Redefined

Busy week for Uniswap, and Platypus recovers 90% of hacked funds: Finance Redefined

2 years ago
Bitcoin’s realized profits surge as market braces for 2024 halving

Bitcoin’s realized profits surge as market braces for 2024 halving

2 years ago
GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report

GenZ in South Korea prefer XRP and other altcoins to BTC and ETH: Report

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Increased market volatility as the U.S.–Europe tariff deadline looms

What if Strategy Had Invested in XRP Instead of Bitcoin? 

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

Trending

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains
All news

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

27.07.2025
0

Solana’s price continues to consolidate around the $185 level, following its successful breach of a critical resistance...

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

27.07.2025
Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

27.07.2025
Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

27.07.2025
Increased market volatility as the U.S.–Europe tariff deadline looms

Increased market volatility as the U.S.–Europe tariff deadline looms

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz