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Market News

North Korea’s Group Escalates Crypto Attacks via Telegram

On Telegram, hackers mimic real venture capital firms, utilizing meeting apps for advanced phishing, compromising unsuspecting users.

Written By:
Ronak Kumar

Last updated: December 6, 2023 5:20 PM
Published 2023-12-06
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North Korea's Group Escalates Crypto Attacks via Telegram

Cryptocurrency communities face a growing threat from North Korea-backed hackers, the Lazarus Group. The group is now targeting users on the messaging app Telegram, warns blockchain security firm SlowMist.

🔍Uncover the latest tactics of North Korean hacker group in our new article!

Analysis of #LazarusGroup's Targeted Phishing Scams on Telegram

🚨The malicious IP (104.168.137.21) is associated with numerous domains impersonating other projects. Please be vigilant and take… pic.twitter.com/SSFykNKKBf

— SlowMist (@SlowMist_Team) December 6, 2023

The hackers employ a new strategy, posing as venture capital figures from Archax, HashKey, and Gumi Cryptos to entice crypto teams with investment proposals. 

The attackers build trust through consistent messaging, tricking victims into running malicious scripts during supposed meetings. Showtime’s CEO recently revealed FBI warnings of Asian cybercriminals posing as HashKey’s Head running malware on his computer. 

SlowMist points to the Lazarus Group’s use of Calendly’s “Add Custom Link” feature to embed discreet malicious links within event pages, evading detection. The firm identifies IP 104.168.137.21 as linked to phishing attempts and urges caution. 

Lazarus Group, tied to North Korea, has reportedly stolen $3 billion from the crypto industry, allegedly funding weapons programs, with recent breaches, including the Ronin bridge exploit, linking back to North Korea-affiliated wallets and surpassing $600 million in thefts.

Chainalysis estimates over $3 billion stolen by North Korean hackers in the past five years, supported by South Korean reports of a $1.2 billion theft in 2022 alone.

The escalating cyber threat from North Korea’s Lazarus Group underscores the imperative for heightened vigilance and proactive measures within the cryptocurrency community.

Also Read: North Korean Hackers Target Crypto Experts with KANDYKORN

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Ronak Kumar- Crypto Journalist at The Crypto Times
By Ronak Kumar
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Ronak Kumar is a Crypto Journalist with over 3 years of experience covering blockchain, AI, finance, and emerging digital trends. With a background in Commerce (B.Com) and a Postgraduate Diploma in Management (PGDM), he combines business insight with a clear understanding of the evolving crypto space. His reporting has been featured in major publications, with his work cited by NDTV, Hindustan Times, and Outlook India on topics like Trump Memecoin, Bhutan’s crypto mining, and Barron Trump’s digital presence.

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