DeBridge Hack North Korea

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According to the Company’s Co-Founder, north Korean Hackers were responsible for the DeBridge Financial Strike

DeBridge Hack North Korea
Image Credit: CRYPKYP
Source: Decrypt
1659774952 06 Aug / 08:35

Alex Smirnov, co-founder and project head of DeBridge Finance, took to Twitter on Friday to inform us that the infamous North Korean Lazarus Group had targeted his firm.

DeBridge provides an interoperability and liquidity protocol for cross-blockchain data and asset transfer.

Several members of the DeBridge team received a faked email, including a PDF file titled "New Salary Adjustments" that looked to originate from Smirnov.

Email spoofing is a sort of attack in which a malicious email appears to have originated from a trustworthy source, in this example, the company’s co-founder.

Smirnov commented, “We have tight internal security procedures and are always working to improve them and educate the crew about potential attack routes.”

Smirnov added that despite this, one individual downloaded and opened the file, triggering an attack on the company’s internal systems. This sparked an inquiry into the genesis of the assault, how the hackers intended for it to function, and any potential repercussions.

“A quick inspection revealed that the malware captures A LOT of information about the PC and sends it to [the attacker’s command center]: username, OS information, CPU information, network adapters, and running processes,” Smirnov explained.

Smirnov matched what DeBridge observed on Twitter to another user’s tweet that displayed similar characteristics and pointed to the North Korean cyber outfit.

Smirnov cautioned his followers to never open email attachments without validating the sender’s complete email address and to establish an internal system for sharing passions inside their organization.

The Lazarus Group is reportedly responsible for several prominent cryptocurrency thefts, including the $622 million Axie Infinity Ronin Ethereum sidechain hack in March and the Harmony Horizon Bridge hack in June.

These sorts of assaults are relatively prevalent, “David Schwed, chief operating officer of Halborn’s blockchain security division, adds. “They capitalize on people’s curiosity by calling the files something that would spark their attention, such as salary information.

“Given the increased stakes resulting from the immutability of blockchain transactions, we have seen an increase in these sorts of assaults expressly aimed at blockchain organizations,” Schwed said.

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