North Korean Scammers Infiltrate Crypto Firms Using 31 Fake Identities
The post North Korean Scammers Infiltrate Crypto Firms Using 31 Fake Identities appeared on BitcoinEthereumNews.com. Key highlights: 31 fake identities used by North Korean IT group to access crypto firms. Group linked to $680,000 hack; scams targeting major blockchain projects. The investigator urges thorough due diligence by crypto and freelance platforms. A hacker has breached the computer of a North Korean IT specialist and uncovered a sophisticated network of fraudsters penetrating cryptocurrency companies with fake names. The six-member group used 31 different identities to obtain jobs on blockchain projects worldwide. Crypto investigator ZachXBT published exclusive evidence on X, detailing how the group created fraudulent LinkedIn and UpWork profiles, purchased government IDs and phone numbers, and used remote access software and VPNs to hide their origins. Source: ZachXBT One member even interviewed for a developer role at Polygon Labs, claiming experience at OpenSea and Chainlink. Tools, operations, and financial methods The team coordinated work and budgets using Google tools, relying on Google Drive, Chrome profiles, and translation services for communication. Records show they spent $1,489.80 on operating costs in May and used Payoneer to convert fiat to crypto. Source: ZachXBT A key wallet controlled by the group, “0x78e1a,” was tied to a $680,000 hack of the Favrr fan token marketplace in June. ZachXBT previously identified the project’s CTO and other developers as North Koreans operating in disguise. Source: ZachXBT The group is part of a larger pattern: North Korean hackers have stolen billions from the crypto industry, including $1.4 billion from Bitbit in February. Industry response and call for action ZachXBT urges technology and crypto firms to strengthen hiring checks, noting many scams are basic but succeed due to volume and weak HR vigilance. Last month, the US Treasury sanctioned individuals and entities involved in these operations, emphasizing the need for closer cooperation between tech companies and freelance platforms to fight infiltration. eToro: Best platform…
The post North Korean Scammers Infiltrate Crypto Firms Using 31 Fake Identities appeared on BitcoinEthereumNews.com.
Key highlights: 31 fake identities used by North Korean IT group to access crypto firms. Group linked to $680,000 hack; scams targeting major blockchain projects. The investigator urges thorough due diligence by crypto and freelance platforms. A hacker has breached the computer of a North Korean IT specialist and uncovered a sophisticated network of fraudsters penetrating cryptocurrency companies with fake names. The six-member group used 31 different identities to obtain jobs on blockchain projects worldwide. Crypto investigator ZachXBT published exclusive evidence on X, detailing how the group created fraudulent LinkedIn and UpWork profiles, purchased government IDs and phone numbers, and used remote access software and VPNs to hide their origins. Source: ZachXBT One member even interviewed for a developer role at Polygon Labs, claiming experience at OpenSea and Chainlink. Tools, operations, and financial methods The team coordinated work and budgets using Google tools, relying on Google Drive, Chrome profiles, and translation services for communication. Records show they spent $1,489.80 on operating costs in May and used Payoneer to convert fiat to crypto. Source: ZachXBT A key wallet controlled by the group, “0x78e1a,” was tied to a $680,000 hack of the Favrr fan token marketplace in June. ZachXBT previously identified the project’s CTO and other developers as North Koreans operating in disguise. Source: ZachXBT The group is part of a larger pattern: North Korean hackers have stolen billions from the crypto industry, including $1.4 billion from Bitbit in February. Industry response and call for action ZachXBT urges technology and crypto firms to strengthen hiring checks, noting many scams are basic but succeed due to volume and weak HR vigilance. Last month, the US Treasury sanctioned individuals and entities involved in these operations, emphasizing the need for closer cooperation between tech companies and freelance platforms to fight infiltration. eToro: Best platform…
What's Your Reaction?
