• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Will Trump Pardon Sam Bankman-Fried? Polymarket Odds Surge as Traders React to CZ’s Release
North Korean Cyber Threats Escalate with Crypto Job Posting Hacks

North Korean Cyber Threats Escalate with Crypto Job Posting Hacks, Report Reveals

Samuel Edyme
by Samuel Edyme
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As the crypto industry continues to grow massively in adoption, North Korean operatives have escalated their infiltration tactics into the sector by exploiting job postings, a recent investigation by DL News has revealed.

Shaun Potts, founder of crypto-specific recruiting firm Plexus, noted:

It’s an operational hazard for the industry. It’s an ongoing thing, in the same way that hacking is a thing within tech. You can’t stop it, but you can minimise its risks.

Related Reading: Lazarus On The Hunt: How North Korean Hackers Are Targeting Crypto Via LinkedIn

A Closer Look At The Method

Cybersecurity experts said North Korean hackers use social engineering to target cryptocurrency companies. Security expert Taylor Monahan explained how these ‘nefarious’ hackers trick employees into “unwittingly” allowing them access to the company’s private data.

According to Monahan, the attackers usually approach potential victims on social networks or specialized messaging apps, offering fake jobs or impairments to technical support requests.

After that communication is established, they convince employees to download files filled with malicious software in the name of a “skills test” or resolve a software bug, leading to catastrophic data breaches.

For example, one long-time fave method:
– Contact employee via social/messaging app
– Direct them to a Github for a job offer, “skills test,” or to help with a bug
– Rekt individual’s device
– Gain entry to company’s AWS
– Rekt company (and their users)https://t.co/nVZ9tVJgKH pic.twitter.com/NJPSJEH1kF

— Tay 💖 (@tayvano_) July 8, 2024

Talking about how individuals could avoid falling for this scam, Monahan, in a recent post on X, advised:

Instead of thinking you’re invincible: Eliminate single points of failure Use hardware wallets / hardware MFA Don’t run/build code from strangers Use diff devices for talking vs accessing crypto Don’t judge Learn from other’s mistakes Educate those around you STAY SKEPTICAL!

Broader Implications And Global Impact

Notably, this trend of job posting hacks appears to be an alarming scheme extending well beyond crypto borders.

According to the DL News report, the United Nations Security Council has quoted the involvement of over four thousand North Korean nationals working under “bogus credentials” in different Western tech firms for channeling more than $600 million to their home country every year.

A notable case study for the potential attractiveness of hunting grounds lies in the partially anonymous crypto sector, where it is hard to fish out identity verifications within such digital transactions and job applications.

The damage caused by these breaches is extensive, as losses from crypto hacks associated with North Korean actors have already exceeded $3 billion. The cashing out the funds exploited from the respective hacks is quite intriguing.

A recent Chainalysis report revealed increased traditional money launderers using cryptocurrency for on-chain money transfers, differentiating from typical on-chain crypto crimes.

Related Reading: Surge in North Korean Crypto Attacks: Record Number Of Hacks, Yet Lower Total Loot In 2023

According to the report, nearly 80% of illicit funds are transferred through intermediary wallets, with other methods including mixers, privacy coins, and cross-chain protocols.

The global crypto market cap on TradingView
The global digital currency market cap value on the 1-day chart. Source: Crypto TOTAL Market Cap on TradingView.com

Featured image created with DALL-E, Chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Samuel Edyme

Samuel Edyme

Follow

Edyme is a writer, a content writer that specialises in writing about the crypto realm. Asides Bitcoinist and NewsBTC, Edyme's writing has been featured in top sites such as Blockchain.News, CoinMonk, Blockchain Reporter, Bitcoin Insider among others.

Full Profile

Related Posts

crypto

Big Crypto, Tech Money Back Trump’s White House Ballroom – Details

4 hours ago
bitcoin, crypto, stablecoin

JPMorgan To Allow Bitcoin And Ether As Collateral For Institutional Clients – Report

8 hours ago
Crypto.com

Crypto.com Pursues National Trust Bank Charter Application With OCC

9 hours ago
Zcash ZEC Bitcoin Satoshi news

Zcash Is The ‘Better Bitcoin’ Satoshi Couldn’t Build, Says Helius Labs CEO

12 hours ago
比特幣年底目標維持20萬美元 市場修正後資金追逐下一波百倍幣

比特幣年底目標維持20萬美元 市場修正後資金追逐下一波百倍幣

13 hours ago
ETF crypto bloqués : 155 demandes en attente à cause du shutdown américain

ETF crypto bloqués : 155 demandes en attente à cause du shutdown américain

23 hours ago

Premium Sponsors

Press Releases

  • Snorter Bot...

    1 day ago
  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    3 days ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    3 days ago
  • Maxi Doge

    Защо Maxi Doge може да се окаже...

    3 days ago
  • 挖 1 枚比特幣耗電可供 61...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.