North Korean Hackers Infiltrated Crypto For Seven Years
Summary
A cybersecurity analyst revealed that North Korean IT workers have been embedded within the crypto and decentralized finance (DeFi) space for at least seven years. Taylor Monahan, a MetaMask developer, stated that over 40 DeFi platforms have employed these workers, whose experience is legitimate. The Lazarus Group, a North Korean hacking collective, is estimated to have stolen $7 billion in crypto since 2017, being linked to major exploits like the Ronin Bridge and Bybit heists. Recent attacks, such as the $280 million Drift Protocol exploit, are also attributed to North Korean-affiliated groups, often utilizing third-party intermediaries with fabricated identities. Experts note that while some tactics are basic, the relentless nature of these attacks poses a significant threat, and falling for them demonstrates negligence.
(Source:Cointelegraph)