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North Korean hackers are reportedly carrying out a widespread campaign in the US by creating sham corporate entities. Lazarus, the notorious state-sponsored North Korean syndicate responsible for some of the biggest hacking operations in history, has managed to set up corporations in the states of New Mexico and New York, Reuters reports . Researchers at the cybersecurity firm Silent Push say the companies, called Blocknovas LLC and Softglide LLC, were set up using fake personas and addresses. The goal of the firms is to advertise fake jobs for crypto developers in an effort to infect job applicants’ wallets with malware once they respond. Says Kasey Best, director of threat intelligence at Silent Push, “This is a rare example of North Korean hackers actually managing to set up legal corporate entities in the U.S. in order to create corporate fronts used to attack unsuspecting job applicants… These attacks utilize fake personas offering job interviews, which lead to sophisticated malware deployments in order to compromise the cryptocurrency wallets of developers, and they also target the developers’ passwords and credentials which could be used to further attacks on legitimate businesses.” The FBI has not officially commented on the developments, but an official told Reuters that North Korean cyber operations are “perhaps one of the most advanced persistent threats” facing the US. For now, the FBI has seized the domain of Blocknovas. The Bureau’s warning reads , “This domain has been seized by the Federal Bureau of Investigation in accordance with a seizure warrant issued by the United States District Court for the Northern District of Texas as part of a law enforcement action against North Korean Cyber Actors who utilized this domain to deceive individuals with fake job postings and distribute malware. If you interacted with this site or submitted personal information, we recommend scanning your devices for malware and taking steps to protect your identity.” Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Hackers Create Fake Corporate Entities in the US To Fool Crypto Developers and Spread Malware: Report appeared first on The Daily Hodl .
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Older Americans Hit Hard by Crypto Scams, FBI’s IC3 Reports $2.8 Billion Losses
In its 2024 annual report, the FBI’s Internet Crime Complaint Center (IC3) revealed a sharp rise in the number and severity of cryptocurrency-related fraud cases. Over the course of the year, the IC3 recorded over 140,000 complaints linked to cryptocurrency, which led to staggering financial losses of $9.3 billion. Alarming Trend A significant portion of these losses came from individuals aged 60 and above, who filed roughly 33,000 complaints and suffered a combined total of $2.8 billion in losses. This age group also saw the largest increase in both reported complaints and financial harm. The IC3’s report also noted a dramatic year-over-year increase in losses – 66% higher than in 2023, when total losses amounted to $5.6 billion. Investment scams involving cryptocurrency were the primary source of these losses, but the report also highlighted other schemes such as sextortion, where criminals manipulate personal content to coerce victims into sending money, and fraud involving crypto ATMs. Additionally, ransomware attacks, which had been a recurring issue, showed a 9% rise in 2024, thereby posing a growing threat to critical infrastructure. Overall, fraud and crypto scams were the most significant contributors to the rise in reported cybercrimes, with older individuals particularly vulnerable to these high-stakes digital fraud schemes. On the other hand, pig butchering scams, which were once mainly targeted at older adults, are now increasingly affecting younger individuals, particularly those aged 30 to 49. A recent study by Cyvers examined 150 major crypto platforms, revealing over 200,000 scam incidents and $5.5 billion in losses in 2024. The research focused on Ethereum-based scams and uncovered significant fraud across various platforms, including major exchanges, a crypto-friendly bank, and institutional trading platforms. The scale of impact varied, but the trend is clear: younger people are becoming the prime victims. Operation Level Up ‘Operation Level Up’ was thus initiated with the assistance of FBI agents and the US Secret Service to address the growing issue of cryptocurrency investment fraud. Pig butchering involves fraudsters building online relationships with victims and convincing them to invest in a fraudulent cryptocurrency platform. As a result of this operation, a total of 4,323 individuals affected by cryptocurrency investment fraud were informed of the scam. Of these victims, 76% were unaware they had fallen victim to fraud. The estimated financial savings for these victims amounted to $285.6 million. Additionally, 42 victims were referred to an FBI victim specialist for support regarding potential suicidal thoughts. The post Older Americans Hit Hard by Crypto Scams, FBI’s IC3 Reports $2.8 Billion Losses appeared first on CryptoPotato . The Daily Hodl
Norway’s Sovereign Wealth Fund Faces Losses: Will It Adjust Its Bitcoin Exposure Amid Economic Uncertainty?
Norges Bank’s $40 billion loss in Q1 raises questions about its Bitcoin strategy amidst a global market downturn. The fund’s indirect exposure to Bitcoin could amplify risk during ongoing economic The Daily Hodl
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IMF Warns of Slowdown in Global Economy
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