According to ChainCatcher, DLNews reported that the United Nations reported that North Korean hackers are infiltrating the crypto industry by forging job applicants' identities. Fake recruitment programs alone allow North Korea to earn up to $600 million a year. About 4,000 North Koreans are trying to enter the Western technology industry, including the crypto industry, by concealing their identities. In the past seven years, North Korean hackers have stolen $3 billion worth of crypto assets through 58 cyber thefts. Experts warn that this trend may have just begun, bringing new security challenges to the crypto industry.
Taylor Monahan, chief security researcher at MetaMask, pointed out that North Korea generates income through illegal sales of resources, IT work, manual labor and hacking activities. With the launch of Bitcoin ETFs, Wall Street has recognized cryptocurrencies as an asset class, and the demand for recruitment in the crypto industry has surged, but the influx of fake job seekers has made recruitment more difficult.
