BitMEX Foils Lazarus Group Hack: North Korean Cybercrime Flaws Exposed BitMEX, a heavyweight in the cryptocurrency exchange arena, has just outmaneuvered the infamous Lazarus Group, a cybercrime syndicate linked to North Korea’s state-sponsored warfare efforts. In a daring display of cyber defense, BitMEX not only thwarted a sophisticated phishing attempt but also turned the tables […]
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South Korea and EU Strengthen Alliance to Combat North Korean Crypto Heists South Korea and the European Union have forged a robust partnership aimed at tackling the escalating threat of North Korean cryptocurrency thefts. This collaboration seeks to dismantle the sophisticated networks behind these cybercrimes, which pose significant risks to global cybersecurity and the integrity […]
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South Korean Woman Jailed for Two Years Over $500,000 Crypto Theft $500,000 stolen in crypto and cash Theft in Jeju City, escape to Gumi Repeat offender with fraud history Rising trend of crypto crimes in South Korea In a stunning case of betrayal, a South Korean woman in her 40s was sentenced to two years […]
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North Korean Hackers Target Crypto Developers with US Shell Companies North Korean hackers from the Lazarus Group have ingeniously penetrated the cryptocurrency industry by setting up shell companies in the U.S., using deceptive job offers to ensnare unsuspecting developers with malware. This bold move not only violates U.S. sanctions but also exposes the darker side […]
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Manta Co-Founder Thwarts Lazarus Group’s Cunning Zoom Phishing Assault Kenny Li, the co-founder of Manta Network, an Ethereum layer-2 project, barely escaped a sophisticated phishing attempt by the infamous Lazarus Group. This incident showcases the escalating threat posed by North Korean hackers to the crypto industry, using advanced tactics like deepfakes and social engineering. Kenny […]
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Crypto Exchange eXch Shuts Down Amid Allegations of Bybit Hack Involvement and Lazarus Group Ties Crypto exchange eXch, a bastion for those valuing privacy with its no-KYC (Know Your Customer) policy, has announced it will cease operations on May 1, 2023. This drastic step comes in the wake of allegations linking eXch to the $400 […]
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eXch Shuts Down: Alleged Money Laundering in Bybit Hack Involves North Korea’s Lazarus Group eXch, a privacy-focused cryptocurrency exchange, will cease operations on May 1, 2023, amid allegations of laundering funds from the massive $1.5 billion Bybit hack. Accused of facilitating money laundering, eXch finds itself targeted by a transatlantic law enforcement operation. eXch to […]
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North Korea’s Latest Crypto Hack Exposes Web3’s Security Flaws Imagine you’re a crypto professional, excited about a new job opportunity. You’re contacted by a recruiter on LinkedIn, and after a few exchanges, you’re directed to a website for an interview. But instead of landing a dream job, you’ve just been ensnared by North Korea’s Lazarus […]
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Lazarus Group Nets $2.51M from WBTC Sale Amidst Sophisticated Crypto Laundering Operations The Lazarus Group, a notorious North Korean hacking entity, has once again made headlines by turning a hefty profit of $2.51 million from selling 40.78 Wrapped Bitcoin (WBTC). Wrapped Bitcoin, or WBTC, is a tokenized version of Bitcoin that operates on the Ethereum […]
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North Korean IT Workers Ramp Up Infiltration of Tech and Crypto Firms Across Europe North Korean IT workers are intensifying their efforts to infiltrate tech and cryptocurrency companies across Europe, driven by the need to bypass international sanctions and generate revenue for the regime. These workers use sophisticated methods, including fake identities and multiple personas, […]
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