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North Korea Becomes a Hub for Cybercrime – Threats to Cryptocurrency

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by Giorgi Kostiuk

15 hours ago


With the growing popularity of cryptocurrencies, the risks of cybercrime are increasing, especially from North Korea, which has become a hub for hackers.

North Korea as a Cyber Fraud Hub

North Korea has become a center for cyber fraud. Hacking is seen as a prestigious profession, enhancing the status of this career path. These actions also support the country's nuclear ambitions, creating a uniquely motivated group of state-sponsored hackers.

Warnings from Binance

Jimmy Su, Chief Security Officer of Binance, noted the constant influx of fraudulent resumes from North Korean hackers. He highlights groups like Lazarus, who have focused on cryptocurrencies in recent years and found notable success. The attacks often involve insider cooperation within companies, allowing for successful breaches.

Identifying the Fraudsters

A key method for recognizing these hackers is through slow internet connections. During interviews, they report connectivity issues, which are actually delays caused by voice-changing software. Another sign is their reluctance to touch their face on camera, disrupting deepfake presentations.

North Korea continues to strengthen its position as a center of cybercrime, creating new threats for the crypto industry. Expert warnings should not be ignored.

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