Key Takeaways
Lazarus, a North Korean hacker group, targets the crypto industry on LinkedIn by posing as job-seeking blockchain developers to launch malware attacks;
Lazarus is known for orchestrating major crypto heists, including the $615 million Ronin Bridge hack;
The group allegedly launders stolen funds back to North Korea to fund military operations.
The North Korean hacker group Lazarus is now targeting the crypto industry through LinkedIn.
A blockchain security analyst from SlowMist has discovered that these hackers pose as job-seeking blockchain developers to conduct malware attacks.
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These “blockchain developers” engage with potential employers and provide access to their repositories, supposedly to showcase their coding skills.
However, the code snippets they provide contain malicious software that steals confidential information and assets.
Since its emergence in 2009, Lazarus has been known for orchestrating some of the most significant heists in crypto history, including the $615 million Ronin Bridge hack in 2022.
The group often uses crypto mixing services to send stolen funds back to North Korea, allegedly to support military operations.
Despite the inherent challenges of blockchain’s decentralized nature, there has previously been some success in stopping these transactions. Crypto exchanges like Huobi and Binance, for example, managed to freeze over $1.4 million in assets linked to Lazarus in early 2023.
Nonetheless, Lazarus’ strategy highlights the evolving tactics of cybercriminals and reminds us of the need for increased security measures.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
