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>>North Korean Cybercriminals Penetrate Cryptocurrency, Uncovering a Startling 20% Security Breach

North Korean Cybercriminals Penetrate Cryptocurrency, Uncovering a Startling 20% Security Breach

crypthub

about 7 hours ago

Scale of the Breach

An opsek study says North Korean hackers have penetrated up to 20% of cryptocurrency firms. The infiltration is achieved by seeking legitimate employment rather than external attacks. This internal access gives them direct control over critical systems.

Methods of Infiltration

Between 30% and 40% of job applications to crypto firms originate from these operatives. They use paid identities from developing countries and craft convincing resumes. By targeting several companies simultaneously, they secure long‑term footholds instead of quick thefts.

Potential Impact

Employed hackers can steal private keys, alter transaction records, and compromise smart contracts. With a fifth of the sector possibly compromised, the trust foundation of DeFi is at risk. The breach also enables North Korea to evade sanctions and move funds covertly.

Recommended Defences

Firms should enforce rigorous background checks, multi‑factor authentication, and continuous employee monitoring. Regular internal security audits focused on insider threats are now essential. Strengthening hiring protocols can help protect the ecosystem from state‑sponsored infiltration.