The Coin Rise 2025-08-13 20:30:33

Hackers Posing as Job Seekers To Scam Crypto Firms: Binance CSO

Which is more treacherous: Attacking crypto firms or trying to get employed at that same companies? This may be the question on your mind after hearing what Binance Chief Security Officer (CSO) Jimmy Su has to say. Hackers From North Korea Plagues Crypto Firms In an exclusive with Decrypt, Binance CSO talked about how the popular cryptocurrency exchange is plagued with fake resumes from hackers posing as job applicants. Moreso, he believes strongly that most of these applications are specifically from North Korea hackers. On this premise, he clearly stated that these bad actors from North Korea are the single largest threat against crypto-based firms. According to Su, “the largest vector currently against the crypto industry is state actors, particularly in the DPRK, [with] Lazarus.” He says that “They’ve had a crypto focus in the last two, three years and have been quite successful in their endeavors.” Furthermore, the Binance executive noted that “almost all the large DPRK hacks” were linked to a fake employee who facilitated the attack. DoJ Seizes $7.74M From Fake North Korea IT Workers Back in June, the U.S. Department of Justice (DoJ) filed a civil forfeiture to seize $7.74 million worth of crypto linked to so-called North Korean IT workers. It turned out that these workers had pretended to be remote employees who earned money illegally. Then they redirect the funds to North Korea to help the government avoid sanctions and fund its military programs . The agency revealed that these North Korean IT workers got jobs at crypto firms in the U.S. and other countries using fake or stolen identities. They worked out of North Korea but from places like China, Russia, and Laos. North Korea Hackers Master Money Laundering Binance has been in existence for the last eight years, and in all of this time, these actors have been there. They try to seize any opportunity to cheat users and investors out of their crypto assets. One of the common tactics explored is the pig butchering scam, where the trust of the victim is gained and later exploited. With time, crypto scammers have advanced in their attack tactics and strategies. They have also mastered the act of laundering the funds from their illicit activities. In March 2025, Lazarus Group was spotted laundering funds by making some massive transfers. It sent up to 12.929 BTC, approximately $1.12 million at the time, to an unknown wallet. Two unknown wallets also received 0.308 BTC each, another received 14.849 BTC, while the last received 15.684 BTC. The post Hackers Posing as Job Seekers To Scam Crypto Firms: Binance CSO appeared first on TheCoinrise.com .