Live Crypto Markets

HomeCrypto NewsBinance Co-Founder CZ Warns of North Korean IT Infiltration After SEAL Team...

Binance Co-Founder CZ Warns of North Korean IT Infiltration After SEAL Team Exposes 60 Fake Profiles

-

Binance co-founder Changpeng Zhao (CZ) has issued a stark warning regarding cybersecurity threats posed by North Korean state-sponsored actors. The alert follows a significant investigation by the white hat SEAL team, which uncovered a network of 60 fraudulent IT worker profiles linked to North Korean operatives. These impersonators, using fabricated identities, were found to be attempting to infiltrate global tech organizations, potentially to conduct espionage, steal sensitive data, or fund illicit activities.

The SEAL team’s findings highlight sophisticated social engineering tactics employed by these actors to bypass hiring processes and gain employment remotely. This strategy aligns with known methods used by groups such as Lazarus to generate revenue and acquire technological expertise in violation of international sanctions.

CZ emphasized the critical need for enhanced due diligence in hiring practices, urging companies to implement rigorous verification protocols. The incident underscores the persistent and evolving threat North Korean hackers represent to the cryptocurrency industry and the broader tech sector, reinforcing the importance of collaborative security efforts and intelligence sharing to mitigate risks.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

1inch Network Rebrands as Coinbase Adopts Its Trading API

The decentralized finance sector continues its maturation with two significant developments this week. 1inch Network, a leading DeFi aggregation protocol, has unveiled a comprehensive brand...

Bitcoin Approaches Record Highs Amid ETF Inflows, BNB Leads Layer-1 Rally

Digital asset markets maintained their upward trajectory as Bitcoin closed in on all-time highs, fueled by substantial institutional investment flows. Exchange-traded funds tracking Bitcoin recorded...

Samsung Expands Crypto Integration with Coinbase Partnership for U.S. Smartphone Users

Samsung has deepened its commitment to digital asset accessibility by integrating Coinbase's cryptocurrency purchasing capabilities into its proprietary wallet application. This strategic enhancement enables approximately...

EU Systemic Risk Board Calls for Enhanced Stablecoin Regulations Amid Liquidity Concerns

The European Systemic Risk Board (ESRB) has issued a stark warning regarding the potential vulnerabilities associated with cross-border stablecoin operations within the European Union. In...

Most Popular

spot_img