ccording to Japan's National Police Agency, the North Korean-backed hacker group Lazarus has been sending malicious emails to Japanese crypto exchange staff to invade their computers with malware, resulting in some companies' systems being breached and cryptocurrencies looted.

According to the police, Lazarus also contacted employees via social networking sites to encourage them to install the malware.

In a joint report, the police and the Financial Services Agency of Japan urged local crypto businesses to remain alert for such efforts and to store their personal keys offline.

However, the authorities did not disclose which businesses had been aimed at or stolen by hackers as an outcome of these malicious emails.

Even though it was strange for the authorities to name the group before the actual arrest publicly, Yomiuri Shimbun noted that they made an exception to avoid future threats.

The Lazarus Group, broadly suspected of having North Korean government support, has indeed been charged with stealing cryptos worth US$650 million from Sky Mavis' Ronin Bridge and US$100 million from Harmony's Horizon Bridge, among many other things.

Do you think the Lazarus Group will continue to target crypto firms? How could companies and governments improve their security to prevent these kinds of attacks? Drop your comments by sharing this article online.

Oct 17, 2022
Crypto News

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