North Korean hackers steal $ 308 million from crypto exchange!

North Korean hackers steal $ 308 million from crypto exchange!

DMM Bitcoin, Japan - North Korean hackers have committed a massive raid that shakes the digital currency conditions. According to reports from the Japanese police, more than $ 300 million (around 288 million euros) were stolen in a targeted cyber attack on the crypto exchange DMM Bitcoin. This was done by the Tradertraitor group, which may be acted on behalf of the North Korean state and is considered part of the feared Hacker Group Lazarus. This group is often associated with great cyber crimes, including the attack on Sony Pictures Entertainment in 2014, according to the information, the Krone

detailed attack strategy

The US secret service FBI identified theft as a "targeted social engineering attack". Here, a hacker pretended to be a recruiter on LinkedIn and sent an employee of another company a supposed invitation to an affair test. With this trick, the hackers used the identity of the employee to successfully output themselves at the crypto exchange DMM Bitcoin, which ultimately led to the loss of 4502.9 Bitcoin, which at that time corresponded to a value of $ 308 million. According to the US Army of 2020, around 6000 hackers are active in North Korea, organized in one unit called Bureau 121, which operates internationally, reports Golem .

These incidents not only show the threats to which the digital financial world is exposed, but also the sophistication of the methods that such cybercriminals apply. Such enormous financial losses make it clear how important it is to take security precautions and to understand the risks in the area of cryptocurrencies.