North Korean Hackers Steal Millions Crypto By Faking Japanese Venture Capitalists And Banks

Key Points:

• North Korean Hackers “BlueNoroff” stole millions by creating over 70 phony domain names and impersonating banks and venture capital firms.

• The organization has impersonated Japanese venture capitalists and banks, who are interested in user and company data in Japan.

North Korean hackers group “BlueNoroff” is reported to stole millions of dollars by creating more than seventy fake domain names and disguising themselves as banks and venture capital firms, as reported by Kaspersky Lab, a global provider of information security software.

The North Korean hackers gang “BlueNoroff” stole millions after generating more than 70 phony domain names and acting as banks and venture capital businesses, according to Kaspersky Lab, an international information security software supplier. According to the poll, the majority of the domain names were based on Japanese venture capital businesses, demonstrating BlueNoroff’s considerable interest in user and company data in Japan.

North Korean Hackers, the BlueNoroff, organization used Word documents to insert malware until a few months ago. They have recently enhanced their technique, generating a new Windows batch file that allows them to expand the scope and execution mode of the malware.

Whether you believe it or not, North Korea is said to be the world leader in crypto crime. According to reports, North Korean hackers had been able to steal over $1 billion in cryptocurrency till May 2022. Lazarus, its largest organization, has been blamed for massive phishing assaults and malware-spreading techniques.

Following the theft of over 620 million dollars from Axie Infinity, the North Korean hacker group Lazarus, one of the world’s largest hacker groups, raised enough money to improve their software to the point where they created an advanced cryptocurrency scheme via a domain called bloxholder.com, which they used as a front to steal the private keys of many of their “customers.”

According to Microsoft, assaults targeting cryptocurrency organizations for bigger payouts have escalated in recent years, making attacks more difficult than before. Sending infected files disguised as Excel tables revealing exchange business charge structures as a hook is one of the newest approaches utilized by hackers via Telegram channels. When victims open the files, a series of apps are downloaded, allowing the hacker to remotely access the infected device, whether it is a mobile device or a PC.

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