US Government Issues Warning on North Korea Targeting Blockchain Firms

The FBI, the U.S. Treasury Department, and Cybersecurity and Infrastructure Security Agency (CISA) have co-released a cybersecurity advisory report against North Korea’s state-sponsored efforts targeting the crypto industry. The report specifically cites several target areas of the North Korea Crypto industry including “cryptocurrency exchanges, decentralized finance (DeFi) protocols, play-to-earn cryptocurrency video games, cryptocurrency trading companies, venture capital funds investing in cryptocurrency, and individual holders of large amounts of cryptocurrency or valuable non-fungible tokens (NFTs).” The warning comes days after the U.S. Treasury tied the North Korean hacking group Lazarus Group in the attack on Ronin, the blockchain network that powers the popular play-to-earn game Axie Infinity. Cryptocurrencies worth over $625 million were stolen, smashing records for the biggest crypto hack in the industry’s 13-year history. The officials hence advised the industry to guard against social engineering attempts by the North Korean group to gain access to crypto by patching all systems, prioritizing patching known exploited vulnerabilities, training users to recognize and report phishing attempts including using multifactor authentication.The post US Government Issues Warning on North Korea Targeting Blockchain Firms first appeared on Cryptoknowmics-Crypto News and Media Platform.The post US Government Issues Warning on ...