North Korean hacker Lazarus uses LinkedIn to steal cryptocurrency.
Key Takeaways
- North Korean hacker group Lazarus is targeting the cryptocurrency industry by executing malware attacks posing as job-seeking blockchain developers on LinkedIn.
- Lazarus is known for orchestrating major cryptocurrency heists, including the $615 million Ronin Bridge hack.
- The group is known to return stolen funds to North Korea to finance military operations.
North Korean hacker group Lazarus is currently Target the cryptocurrency industry through LinkedIn.
Blockchain Security Analyst at SlowMist found These hackers Disguised as a blockchain developer looking for a job Performs malware attacks.
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These “blockchain developers” Collaborate with potential employers and provide access to their repositories. Perhaps show off their coding skills.
But the code snippet they provide is Contains malicious software that steals confidential information and assets.
Lazarus has been known since its introduction in 2009. Coordinating the most important heist in cryptocurrency history, Including the $615 million Ronin Bridge hack in 2022.
Groups often use cryptocurrency mixing services to It is known that stolen funds were returned to North Korea to support military operations.
Despite the inherent problems arising from the decentralized nature of blockchain, We have previously been successful in stopping these transactions. For example, cryptocurrency exchanges such as Huobi and Binance froze over $1.4 million in assets linked to Lazarus in early 2023.
Nonetheless, Lazarus’ strategy highlights the evolving tactics of cybercriminals and serves as a reminder of the need for enhanced security measures.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst who delivers data-driven and fact-based content as well as speaking to both Web3 natives and industry newcomers.
Aaron is the go-to guy for all things digital currency-related. With a huge passion for blockchain and Web3 education, Aaron is working to transform the space as we know it and make it more accessible to complete beginners.
Aaron has been quoted in several popular media outlets and is a published author himself. In his spare time, he enjoys researching market trends and looking for the next supernova.
