North Korean hackers deploy practically 500 phishing domains to steal tens of millions price of NFTs: report

North Korean hackers are within the highlight once more, and this time, it’s over the theft of tens of millions of {dollars} price of non-fungible tokens (NFTs).

A report from cybersecurity agency Slowmist uncovered a brand new tactic utilized by hackers linked to North Korea’s Lazarus Group. These Superior Persistent Menace (APT) teams have been found to make use of pretend web sites to steal digital collectibles from unsuspecting traders.

The hackers use decoy web sites that impersonate main NFT platforms like OpenSea, Rarible, and even initiatives linked to the FIFA World Cup, in keeping with the report. The dangerous actors made use of practically 500 phishing web sites, with the earliest being registered in Could, and in seven months, over $10 million price of NFTs have been pilfered.

One decoy web site generated income of $367,000 after stealing a complete of 1,055 NFTs. Slowmist prompt that in its investigations, it recognized a collaboration between Jap European hacking teams and North Korean dangerous actors.

Slowmist says the pretend web sites steal customers’ delicate knowledge, and with the ingenious use of malware by means of “malicious mints,” North Korean hackers are in a position to steal NFTs. The cybersecurity agency confirmed that it couldn’t assess the scheme’s true scale and means that the ploy runs deeper.

“For confidentiality and privacy reasons, this article only analyzed a small portion of the NFT phishing materials and extracted some phishing characteristics of the North Korean hackers,” says Slowmist. “However, this is just the tip of the iceberg.”

To forestall falling sufferer to phishing assaults, Slowmist advises NFT holders to “strengthen their understanding of security knowledge,” which in flip will assist them spot potential purple flags in a web site.

Busy yr for North Korea’s dangerous actors

North Korean hackers have had a busy 2022 marked by a worthwhile digital forex crime spree. A latest report from South Korea’s Nationwide Intelligence Service (NIS) notes that North Korea’s hacking teams have pilfered over $600 million {dollars} price of digital belongings because the begin of the yr.

Lazarus Group, one of the prolific hacking teams working overseas, was recognized as the primary perpetrator within the attraction of digital asset funds utilizing a brand new model of the AppleJeus malware.

“We are seeing more complex attacks wherein the threat actor shows great knowledge and preparation, taking steps to gain their target’s trust before deploying payloads,” stated Microsoft.

Japanese legislation enforcement companies despatched a public advisory to residents over the actions of North Korean hackers after it traced a string of assaults to Lazarus Group.

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