As a seasoned crypto investor with over a decade of experience in this volatile market, I find these persistent cyberattacks by North Korean hackers to be nothing short of infuriating and disheartening. The audacity of these actors, using social engineering tactics to infiltrate systems and steal millions worth of digital assets, is simply unbelievable.
On Tuesday, it was disclosed by Japanese authorities that the cyber-attack on cryptocurrency platform DMM Bitcoin, which resulted in a loss of approximately $307 million, is thought to have been orchestrated by hackers connected to North Korea’s government.
It’s reported that cybercriminals from North Korea allegedly orchestrated a massive theft valued at more than $300 million from a cryptocurrency trading platform, stealing this amount in digital currency.
On December 23rd, a joint press announcement was made by the Federal Bureau of Investigation and Japan’s National Police Agency, disclosing that a cyber attack reported in May is traced back to North Korean cyber operatives and is linked with the menacing group named TraderTraitor or Jade Sleet, UNC4899, and Slow Pisces.
As reported by experts, the cyber assault originated when a North Korean cybercriminal posing as a LinkedIn recruiter contacted an employee at Ginco, a Japanese firm that develops crypto wallet software. The hacker deceived the employee into downloading a harmful Python script, which was presented as part of an employment assessment. Believing it was a genuine test, the employee uploaded the script to their personal GitHub account, thereby providing the attacker with access to confidential company systems.
By the middle of May, the intruders exploited swiped session cookies to pose as a breached staff member and penetrate Ginco’s unsecured messaging platform. This unauthorized access facilitated the tampering of a genuine transaction request from DMM Bitcoin. Ultimately, this deception enabled the cybercriminals to pilfer 4,502.9 BTC, valued at approximately $307 million at that moment. The swiped digital currency was subsequently moved to wallets overseen by the TraderTraitor gang, as stated by the FBI.
According to recent reports from crypto.news, the United States and South Korea are collaborating to establish innovative strategies aimed at preventing cryptocurrency thefts traced back to North Korea. The two nations have allegedly signed an agreement to jointly develop technology to halt such thefts, although specifics are yet to be disclosed. Remarkably, South Korea’s science ministry has pledged support for this initiative through the year 2026.
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2024-12-24 13:02