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Cryptocurrency Industry Under Threat: North Korean Hackers Target Binance

Cryptocurrency Industry Under Threat: North Korean Hackers Target Binance

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by Giorgi Kostiuk

a day ago


Binance's Director of Security, Jimmy Su, expressed concerns about the threats posed by North Korean hackers to the cryptocurrency industry, stating that attacks occur on a daily basis.

Threats from North Korean Hackers

Jimmy Su believes that North Korean hackers represent the biggest threat to the cryptocurrency industry. He claims that they deliberately target Binance using deception through fake job applications.

CITE_W_A: "The biggest attack vector against the crypto industry right now is state-backed hackers, particularly North Korea and the Lazarus Group."

Methods of Attacks on Crypto Companies

Su emphasizes that attackers disguise their identities during interviews by employing voice-altering and deepfake technologies. They also utilize methods such as poisoning open-source code and posing as fake recruiters offering high-paying jobs.

He noted that Binance receives many fake resumes daily, believed to be prepared by North Korean attackers, often identified by specific templates. However, if these fake applications pass the initial stage, verifying the authenticity of candidates through video interviews becomes challenging.

Conclusion

The situation with cyber threats from North Korean hackers remains critical. The Lazarus Group, known for its active and dangerous actions, continues to pose a significant risk to the cryptocurrency industry. Cryptocurrency enterprise owners must stay vigilant and take necessary measures to protect their projects.

Cyber threats from North Korean hackers continue to represent a danger to the cryptocurrency industry, and businesses must be cautious of innovative attack methods.

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