North Korean cryptocurrency thieves tricked a Binance software engineer into downloading malware onto their work-issued computer during a fake job interview process before last week’s record-breaking $6.3 billion heist.

In an incident report published on Tuesday, the cryptocurrency exchange said several techniques - including social engineering via fake job interviews, malware downloads, compromised internal AI tooling, endpoint takeover, and an “advanced transaction-authorization method” - led to the October 29 security breach.

“Our current investigation indicates that this was a sophisticated, multi-stage campaign,” the incident report said. “It was not a single isolated breach or a simple phishing incident.”

Over the weekend, the FBI attributed the theft to TraderTraitor, a North Korean hacking operation linked to Lazarus Group, known for combining espionage with massive cryptocurrency heists. The Pyongyang-backed crew is also highly adept at job market scams - both posing as IT workers, who are then hired by Western companies, and as potential employers to lure software engineers into downloading malware and infecting corporate devices.

  • shortwavesurfer@lemmy.zip
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    5 hours ago

    Considering Bitcoin is almost entirely traceable, it is a really, really bad idea to use Bitcoin for illegal activity.

      • shortwavesurfer@lemmy.zip
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        5 hours ago

        Yeah, a nation state actor can get away with using Bitcoin for illegal activity. Regular people, though, cannot.

        • Buffalox@lemmy.world
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          5 hours ago

          Exactly. But the independence from government control was a HUGE selling point originally.
          But it only works if you are legally immune from consequences. Like for instance Russia and North Korea.
          And guess who has been using bitcoin to circumvent sanctions? 😋