According to Odaily, North Korean hackers are infiltrating the cryptocurrency industry by posing as job seekers, generating annual profits of up to $600 million. A United Nations report reveals that approximately 4,000 North Korean hackers are attempting to conceal their identities to enter Western technology sectors, including the crypto industry. Over the past seven years, these hackers have stolen $3 billion worth of crypto assets through 58 cyber theft incidents.
Taylor Monahan, Chief Security Researcher at MetaMask, highlighted that North Korea generates revenue through illegal resource sales, IT jobs, manual labor, and hacking activities. With the introduction of Bitcoin ETFs, Wall Street now views cryptocurrencies as an asset class, leading to a surge in hiring within the crypto industry. However, the influx of fake job seekers has made recruitment increasingly challenging.