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'It's scary' - crypto workers under siege from North Korean hackers - The Economic Times

Economic Times

Economic Times · 1d ago

'It's scary' - crypto workers under siege from North Korean hackers - The Economic Times

North Korean hackers are targeting the cryptocurrency industry by posing as recruiters with fake job offers. They conduct scammers by engaging in fraudulent interviews and ask candidates to download malicious code, leading to cryptocurrency theft. Reports suggest North Korean hackers stole $1.34 billion in cryptocurrency last year to support its weapons program. The scams have become sophisticated, using platforms like LinkedIn and Telegram to lure targets, posing challenges for companies to police impersonations.

Related News

North Korean hackers blamed for record spike in crypto thefts in 2025 | TechCrunch

TechCrunch · 1m ago

North Korean hackers blamed for record spike in crypto thefts in 2025 | TechCrunch

In the first half of 2025, hackers have stolen over $2 billion in cryptocurrency, marking a record high year-to-date for crypto thefts, as reported by Chainalysis. Much of the theft is attributed to a major breach at crypto exchange Bybit, where North Korean hackers stole over $1.4 billion. The funds were laundered and funneled into North Korea, supporting sanctions evasion strategies and funding its nuclear weapons program, amid increased cyber threat activity from the regime.

WazirX Eyes 'Panama' for Fresh Start After Revival Plan Rejected in Singapore

OutlookIndia

OutlookIndia · 3m ago

WazirX Eyes 'Panama' for Fresh Start After Revival Plan Rejected in Singapore

Crypto exchange WazirX faced a major setback as the Singapore High Court rejected its restructuring plan after a $235 million cyber heist. The court cited regulatory lapses, and despite creditor backing, the proposal was dismissed. In response, WazirX plans to relocate operations to Panama through Zensui Corporation to bypass stringent Singapore regulations. The move comes after North Korean hackers allegedly stole a significant portion of the exchange's crypto reserves, prompting discussions on cybersecurity in the crypto sector.

Hackers who exposed North Korean government hacker explain why they did it | TechCrunch

TechCrunch · 10d ago

Hackers who exposed North Korean government hacker explain why they did it | TechCrunch

Two hackers, Saber and cyb0rg, infiltrated a North Korean government-linked hacker’s computer and discovered evidence of cyberespionage activities. They decided to disclose their findings to help cybersecurity researchers detect such threats and potentially disrupt ongoing operations. The hackers, identifying as hacktivists, recognize their actions as illegal but believe the public interest outweighs the legal risks. They suspect the hacker, “Kim,” might work for both North Korean and Chinese governments.

South Korean chipmaking giants reportedly hacked by North Korea

Techradar

Techradar · 1y ago

South Korean chipmaking giants reportedly hacked by North Korea

North Korean hackers have targeted South Korean chip manufacturers in an attempt to enhance their weapons production capabilities, according to the South Korean National Intelligence Service (NIS). The hackers reportedly infiltrated the servers of two semiconductor manufacturers, potentially gaining access to sensitive information. The NIS suggested that North Korea may be seeking to develop its own semiconductors due to difficulties in obtaining them amidst sanctions. No specific details on the targeted companies or successful data breaches were disclosed. The US has invested billions in domestic semiconductor production to mitigate supply chain security risks.

North Korea broke into S. Korean chip equipment firms, Seoul's spy agency says

Reuters · 1y ago

North Korea broke into S. Korean chip equipment firms, Seoul's spy agency says

North Korea's hacking groups have targeted two South Korean manufacturers of chipmaking equipment, according to the South Korean spy agency. The National Intelligence Service revealed that the attacks occurred in December and February, with the hackers stealing product design drawings and facility photographs. The agency believes that North Korea is attempting to produce its own semiconductors to bypass sanctions, as well as meeting higher demand for its weapons programmes. The hackers used a technique called "living off the land" to evade security software detection. North Korea has previously denied involvement in cybercrimes.

North Korea broke into South Korean chip equipment firms: Seoul's spy agency

Economic Times

Economic Times · 1y ago

North Korea broke into South Korean chip equipment firms: Seoul's spy agency

North Korean hackers have targeted at least two South Korean chipmaking equipment manufacturers in an attempt to sidestep sanctions and develop their own semiconductors for weapons programs, according to South Korea's spy agency. The National Intelligence Service (NIS) warned that North Korea could engage in cyber attacks or spread fake news to interfere in upcoming elections. The NIS stated that the hackers gained access to company servers, stealing product design drawings and facility photographs. The agency believes that North Korea is preparing to produce its own semiconductors to overcome procurement difficulties caused by sanctions.

North Koreans use fake names, scripts to land remote IT work for cash

Economic Times

Economic Times · 1y ago

North Koreans use fake names, scripts to land remote IT work for cash

North Korean IT workers are employing sophisticated tactics, including fake names, forged documents, and counterfeit profiles, to secure remote IT jobs in Western tech companies. This elaborate subterfuge is orchestrated by the North Korean government to generate foreign currency for its nuclear missile program. The workers use scripted interview responses that highlight Western values of freedom of expression, which is highly restricted in their home country. The scheme involves the creation of fake profiles, resumes, and identities, with some workers using pseudonymous email and social media accounts. The effort highlights the extensive measures undertaken by North Korea to sustain its cash-strapped regime.

North Korea-backed hackers target security researchers with 0-day

Arstechnica

Arstechnica · 1y ago

North Korea-backed hackers target security researchers with 0-day

North Korea-backed hackers are once again targeting security researchers, using a zero-day exploit and related malware to infiltrate computers used for sensitive cybersecurity investigations. Google researchers discovered the unfixed zero-day vulnerability in a popular software package used by the targeted researchers. The hackers established working relationships with the researchers before exploiting the vulnerability using a malicious file. This campaign closely matches a previous one definitively tied to North Korean government-backed hackers. The hackers pose as security researchers and develop relationships on social media before sharing Trojanized exploits or analysis tools with their targets.

US sanctions fraud network used by North Korean 'remote IT workers' to seek jobs and steal money | TechCrunch

TechCrunch · 9d ago

US sanctions fraud network used by North Korean 'remote IT workers' to seek jobs and steal money | TechCrunch

The U.S. Treasury has sanctioned a global fraud network used by North Korea to infiltrate U.S. companies. Hackers pose as job seekers to gain employment, steal sensitive data, demand ransoms, and fund North Korea's nuclear program. The sanctioned entities include a Russian, Vitaliy Sergeyevich Andreyev, and North Korean-linked companies. The action aims to combat the increasing success of North Koreans in securing unauthorized employment and stealing funds, often converting them into cryptocurrency.

WazirX faces flak over handling of $230-million crypto heist

Economic Times

Economic Times · 1y ago

WazirX faces flak over handling of $230-million crypto heist

Indian cryptocurrency exchange, WazirX, faced criticism after experiencing a major data breach resulting in $230 million worth of stolen investor holdings. Social media users expressed concerns, calling on WazirX to take responsibility for the losses and questioning why customers should have to absorb them. It was reported that the FBI has reached out to WazirX to investigate the cyberattack allegedly involving North Korean hackers. WazirX responded by implementing a fair and transparent socialised loss strategy to distribute the impact across all users. Rupee and crypto withdrawals on the platform are currently on hold.

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