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North Korean Hackers Infiltrated Crypto For Seven Years

Cointelegraph
North Korean IT workers have infiltrated crypto and DeFi projects for seven years, with the Lazarus Group linked to billions in stolen crypto.

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)