FBI Warns of North Korean Cyberattacks on Crypto ETF Companies
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
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.
BREAKING: FBI SAYS NORTH KOREA MAY ATTEMPT MALICIOUS CYBER ACTIVITIES AGAINST COMPANIES ASSOCIATED WITH CRYPTO ETFS pic.twitter.com/i8oFjgtGJr
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
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