The US government has issued a warning that North Korea is targeting crypto companies

On Monday, three key US government agencies released a unified alert about security dangers to blockchain and cryptocurrency organizations.



The Federal Bureau of Investigation, the Cybersecurity and Infrastructure Security Agency (CISA), and the US Treasury Department was the organizations involved.


CISA's official website published the public statement, dubbed a "cybersecurity advice."


CISA is a government agency inside the Department of Homeland Security tasked with improving the country's cybersecurity and is responsible for issuing threat alerts on a regular basis.


According to the advisory, the US government has noticed that hacker groups allegedly backed by the North Korean dictatorship are targeting cryptocurrency companies.


The Lazarus Group, APT38, BlueNoroff, and Stardust Chollima organizations identified in the study are considered advanced persistent threats (APT).


This refers to a cyber-threat actor who can get unauthorized access to computer systems while remaining undiscovered for extended periods of time.


According to the revelation, hackers are targeting crypto exchanges, decentralized finance protocols, play-to-earn games, venture capital businesses, and trading organizations in order to steal and launder crypto assets to support the North Korean regime.


The advisory also stated that significant individual investors are in danger of being targeted.


Furthermore, hacking groups have been aggressively attempting to steal crypto assets from various crypto companies using a number of ways, according to the report.


Phishing campaigns and social engineering are examples of these tactics, with the purpose of delivering malicious apps carrying Trojan software.


The malicious apps, called "TraderTraitor," attack computer systems in an attempt to steal assets kept in crypto wallets, according to the advisory.


The applications are usually carried out through phishing emails sent to crypto business employees, luring them in with high-paying employment offers.