The notorious North Korean hackers known as the Lazarus Group continues moving the crypto funds they’ve stolen in recent exploits. And now, the alleged North Korean hackers target crypto execs via Zoom.
Blockchain security firm CertiKposted on 13 March that this group had deposited 400 ETH to the popular Tornado Cash mixing service. This amount is currently worth $759,444.
And there is no sign of the group stopping their activities. “Stay vigilant,” the post warns.
We have detected deposit of 400 ETH in https://t.co/0lwPdz0OWi on Ethereum from: 0xdB31a812261d599A3fAe74Ac44b1A2d4e5d00901 0xB23D61CeE73b455536EF8F8f8A5BadDf8D5af848.
The fund traces to the Lazarus group’s activity on the Bitcoin network.
Lazarus is the infamous group of hackers connected to some of the crypto’s most high-profile attacks. These include the Ronin network hack, which saw the loss of $624 million in 2022.
And just recently, in February, the group stole $1.4 billion in crypto from the Bybit exchange hack.
The crypto space has been carefully observing the movement of all these funds, given that the attackers aim to launder it all.
Worryingly, cybersecurity experts have warned that Lazarus has been deploying a novel, sophisticated, and constantly evolving crypto stealing malware aiming at crypto developers.
North Korean Hackers Target Crypto Founders via Zoom
Recently, there has been a different kind of threat looming, targeting crypto company founders.
Hackers are working to steal data and funds through a fake Zoom call. They typically set up a business meeting and once on the call, they pretend they’re experiencing issues.
They post “a stock video of a bored” venture capitalist on the screen, and ask the target to click a link to a fake new call they sent. But it’s malware.
All this is according to Nick Bax of the Security Alliance. He said the threat group stole “$10s of millions of dollars” using this tactic, and others are copying it
Having audio issues on your Zoom call? That’s not a VC, it’s North Korean hackers.
Fortunately, this founder realized what was going on.
The call starts with a few “VCs” on the call. They send messages in the chat saying they can’t hear your audio, or suggesting there’s an… pic.twitter.com/ZnW8Mtof4F
Groups linked to North Korea “have become notorious for their sophisticated and relentless tradecraft,” according to a Chainalysis report. In 2024, they stole $1.34 billion across 47 incidents – 61% of the total amount stolen for the year, and 20% of total incidents.
That said, Giulio Xiloyannis, the CEO of Pixelmon and cofounder of MON Protocol, shared his own recent experience. He also received a Zoom link that makes people install malware.
Great example of the North Korean Zoom audio hacking method.
The commands in the screenshot are harmless but when you click the copy button, it adds an additional curl command that downloads/runs a malicious file.https://t.co/Mhd46KhTKq
Luckily, Xiloyannis noticed red flags, and the hackers failed. “There were tellsigns,” he said. “Opens browser Zoom without asking to use the App, asking me to paste code on my “terminal”.”
Moreover, Melbin Thomas, founder of Devdock AI, David Zhang, cofounder of Stably, Christoph Mussenbrock, cofounder of blockchain platform Etherisc, and several other people reported similar attempted hacks.
Another day another North Korean scammer This time using the same “fake Zoom” scam that’s been popular recently I’ll detail what happened to me in this pic.twitter.com/X5UZAKJjR0
This is unlikely to stop. Chainalysis noted that North Korean hackers employ advanced malware, social engineering, and cryptocurrency theft to fund state-sponsored operations and circumvent international sanctions.
Additionally, Tom Robinson, co-founder of crypto investigation firm Elliptic, warned that North Korea is the most advanced player when it comes to laundering stolen digital assets.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
By Nermeen Nabil Khear 
pic.twitter.com/X5UZAKJjR0