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Binance co-founder Changpeng Zhao (CZ) has issued a stark warning to the cryptocurrency industry about the escalating threat posed by North Korean hackers, who are increasingly infiltrating firms through sophisticated job application scams. According to a dossier released by cybersecurity group Security Alliance (SEAL), over 60 impostors linked to North Korean operations have been identified, with attackers posing as developers, IT staff, and finance professionals using stolen IDs, fabricated work histories, and polished resumes to gain employment[1]. These operatives, often affiliated with groups like Lazarus, have evolved beyond traditional phishing and malware attacks to exploit human resources as a vector for bypassing security defenses[2].
The scale of the threat is underscored by industry data revealing North Korean hackers stole over $1.3 billion in crypto in 2024 alone, with losses surging to $2.2 billion in the first half of 2025[3]. Attack methods now include embedding malware in technical interview materials, such as fake “Zoom updates” or “sample code,” and luring victims with malicious links disguised as support tickets. In one case, a compromised Indian outsourcing firm led to a $400 million loss for
after an employee stole user data, including Social Security numbers[4]. North Korean operatives have also created fake U.S. companies like Blocknovas LLC and Softglide LLC to serve as fronts for launching attacks, with the FBI seizing domains tied to these entities as part of ongoing investigations[5].The infiltration tactics extend beyond direct employment. Researchers have documented the use of Python-based malware like PylangGhost, deployed through counterfeit job interview platforms mimicking major firms like Coinbase and
. These sites trick victims into downloading payloads that grant remote access to systems, while advanced techniques include stealing credentials from 80 browser extensions and crypto wallets. Additionally, North Korean hackers have targeted global crypto professional networks through supply chain attacks, such as inserting malicious JavaScript into GitHub repositories and NPM packages[6].The geopolitical implications of these breaches are significant. Stolen funds are often funneled into North Korea’s state-backed programs, including nuclear development, as highlighted by Chainalysis data showing that North Korean cyber operations accounted for 61% of global crypto theft in 2024[7]. The Lazarus Group, in particular, has been linked to high-profile heists like the $1.4 billion Bybit breach. CZ emphasized that these attacks are not isolated incidents but part of a systematic effort to undermine the crypto industry’s security infrastructure, urging platforms to implement rigorous candidate screening, staff training, and cross-industry intelligence sharing[8].
In response, major crypto firms are tightening recruitment protocols. Coinbase now mandates in-person training for U.S. employees handling sensitive systems, while others have adopted fingerprinting and background checks. The FBI and South Korea’s National Intelligence Service have intensified cooperation to counter North Korean operations, and law enforcement has prosecuted individuals aiding these schemes, such as U.S. citizen Christina Marie Chapman, who was sentenced to 8.5 years for facilitating fake identities[9]. Despite these measures, experts warn that the threat remains dynamic, with North Korean hackers adapting to new defenses and leveraging AI to create deepfakes and synthetic identities for video interviews[10].
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