Bitcoin

<ul><li>North Korean hackers use fake job applications to infiltrate crypto firms, causing $600M in losses.</li><li>Over 4,000 North Koreans infiltrate tech sectors, stealing $3B in crypto assets over seven years.</li><li>Fake job applicants threaten crypto industry growth, forcing firms to stop hiring pseudonymous developers.</li></ul>North Korean hackers have adopted a new method of cyber theft by posting fake job applications on cryptocurrency job boards. This strategy has already resulted in a staggering $600 million loss for the crypto industry as these operatives infiltrate projects to access sensitive information, compromise systems, and steal assets.A recent <a href="https://www.dlnews.com/articles/defi/fake-developers-flood-crypto-job-boards-amid-bull-market/" rel="noopener noreferrer nofollow">report</a> revealed the significant security risks posed by these fraudulent applicants. According to the United Nations Security Council, over 4,000 North Koreans have been covertly deployed to infiltrate the tech sector, including the cryptocurrency industry. The council&#39;s <a href="https://www.fbi.gov/news/press-releases/fbi-identifies-cryptocurrency-funds-stolen-by-dprk" rel="noopener noreferrer nofollow">report</a> reveals that North Korean hackers have stolen <a href="https://www.theblock.co/post/305381/north-korean-hackers-penetrate-crypto-companies-via-job-postings-report#:~:text&#61;The%20problem%20isn&#39;t%20relegated,revenue%2C%20according%20to%20the%20UN." rel="noopener noreferrer nofollow">$3 billion</a> in crypto assets through 58 suspected <a href="https://cryptotale.org/north-korean-hackers-deploy-new-durian-malware-targeting-crypto-firms/" rel="noopener noreferrer nofollow">cyberattacks</a> over the past seven years. While the precise role of these fake employees in such attacks remains unclear, experts warn that this could be a sign of more extensive operations.The cryptocurrency industry recently exploded, and growth is rapid, with Bitcoin ETFs trending and projects such as Solana and Aave in the decentralized finance space. Prominent crypto exchanges, including Coinbase and Binance, listed over 1200 new job listings in May, which is a sign of the sector’s growth. Nevertheless, this growth also attracts unsavory characters who operate around the demand for talents in the industry.<a href="https://cryptotale.org/crypto-industry-hit-by-north-korean-hackers-using-fake-job-applications/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Crypto Industry Hit by North Korean Hackers Using Fake Job Applications

CryptoTale

Other articles published on Jul 17, 2024

BlockDAG’s Efficient Consensus & X30 Miner Promise Exponential Returns By 2025; Solana ETF Hype &...

XRP Surges 40%, Wealth Advisor Finds Repeating Historic Pattern Mirroring 2017 ATH, Parabolic Pu...

BNB’s 10% Weekly Surge: Could Binance Coin Reach $600 Soon?

From Obscurity to Fame: How Emerging Tokens Are Shaping the Crypto Market

PONKE Rebounds 15.89% with $19.93M Volume - Ready for the Moon?

Vitalik Buterin Criticizes Blockchain Investment Focus on Speculation

Join our free newsletter for daily crypto updates!