After tying North Korea to a $630M Hack, the U.S. Government Warns of Crypto Attacks

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After tying North Korea to a $630M Hack, the U.S. Government Warns of Crypto Attacks

After tying North Korea to a $630M Hack, the U.S. Government Warns of Crypto Attacks
Source: CoinDesk
1650368400 19 Apr / 11:40

The government reported observing North Korean cyber operators targeting various crypto and blockchain enterprises, including exchanges, DeFi protocols, and play-to-win games.

Monday, many U.S. government agencies issued a unified warning about the threat presented by bitcoin thefts and techniques employed by the North Korean government-backed Lazarus Group.

FBI, Cybersecurity and Infrastructure Security Agency (CISA), and the U.S. Treasury Department referred to the organization as APT38, BlueNoroff, and Stardust Chollima, among other names.

The warning comes after the Treasury Department linked Lazarus to a $625 million bitcoin heist from the Ronin bridge, connected to the popular play-to-earn game Axie Infinity.

The U.S. government reported observing North Korean cyber actors targeting a variety of crypto and blockchain companies, including “cryptocurrency exchanges, decentralized finance (DeFi) protocols, play-to-earn cryptocurrency video games, cryptocurrency trading companies, venture capital funds investing in cryptocurrency, and individuals holding large amounts of cryptocurrency or valuable non-fungible tokens” (NFT).

The organizations advised businesses and individuals to protect themselves against social engineering attempts by the group to gain access to crypto by patching all systems, prioritizing the patching of known exploited vulnerabilities, training users to recognize and report phishing attempts, and utilizing multifactor authentication.

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