{"id":7893,"date":"2025-01-15T20:01:54","date_gmt":"2025-01-15T20:01:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7893"},"modified":"2025-01-15T20:01:54","modified_gmt":"2025-01-15T20:01:54","slug":"us-japan-south-korea-issue-joint-warning-on-north-korean-crypto-thefts","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7893","title":{"rendered":"US, Japan, South Korea Issue Joint Warning On North Korean Crypto Thefts"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">In a display of trilateral cooperation, US, Japan and South Korea have issued a joint statement warning the global cryptocurrency industry about the escalating threat posed by cyberattacks linked to North Korean actors.\u00a0<\/span><span style=\"font-weight: 400\">The announcement was made on 14 January 2025.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThe United States, Japan, and the Republic of Korea advise private sector entities, particularly in blockchain and freelance work industries, to thoroughly review these advisories and announcements to better inform cyber threat mitigation measures and mitigate the risk of inadvertently hiring DPRK IT workers,\u201d <\/span><a href=\"https:\/\/www.state.gov\/office-of-the-spokesperson\/releases\/2025\/01\/joint-statement-on-cryptocurrency-thefts-by-the-democratic-peoples-republic-of-korea-and-public-private-collaboration\" target=\"_blank\" rel=\"nofollow\"><span style=\"font-weight: 400\">the joint statement read.<\/span><\/a><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/crypto-firms-on-high-alert-as-fbi-issues-a-psa-warning-of-alarming-rise-in-complex-scams-carried-out-by-north-korea\/\" rel=\"bookmark\">Crypto Firms On High Alert As FBI Issues A PSA Warning Of Alarming Rise In \u2018Complex\u2019 Scams Carried Out By North Korea<\/a><\/strong><\/p>\n<h2><strong>Joint Warning Sheds Light On Advanced Methods Employed By Hackers<\/strong><\/h2>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">NEW \u2013 The FBI says North Korea&#8217;s Lazarus Group was behind an attack on Bahrain-based crypto platform Rain, which led to the loss of over $16 million earlier this year.<\/p>\n<p>And it all began on LinkedIn, where the hackers were masquerading as recruiters\u2026<br \/> <a href=\"https:\/\/t.co\/7olhnSkK3M\" target=\"_blank\" rel=\"nofollow\">https:\/\/t.co\/7olhnSkK3M<\/a><\/p>\n<p>\u2014 Thomas Brewster (@iblametom) <a href=\"https:\/\/twitter.com\/iblametom\/status\/1864363056463036899?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">December 4, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The joint warning specifically highlights the activities of the infamous Lazarus Group, a hacking collective allegedly tied to the Democratic People\u2019s Republic of Korea (DPRK).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Known for its highly strategic cybercrime campaigns, the Lazarus Group has been implicated in several high-profile cryptocurrency heists.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2024 alone, attacks linked to North Korean actors targeted major platforms such as DMM Bitcoin, Upbit, and Rain Management. This resulted in cumulative losses exceeding $370 million.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In 2023, North Korean hackers were responsible for a $235 million breach at WazirX.\u00a0 They were also responsible for a $50 million theft from Radiant Capital.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">These incidents illustrate how DPRK-affiliated groups are leveraging evolving tactics to exploit vulnerabilities across the crypto ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Social engineering and malware remain central to the operations of North Korean hackers. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Tools like TraderTraitor and AppleJeus have been deployed in targeted attacks designed to infiltrate systems and compromise sensitive data. <\/span><span style=\"font-weight: 400\">These tools often masquerade as legitimate software applications to deceive victims into downloading them.<\/span><\/p>\n<p><strong>Explore:<a href=\"https:\/\/99bitcoins.com\/news\/crypto-developments-in-asia-wazirxs-attack-linked-to-north-korea\/\" rel=\"bookmark\">Crypto Developments In Asia: WazirX\u2019s Attack Linked To North Korea<\/a><\/strong><\/p>\n<h2><strong>Crypto-Related Fraud Resulted In $2.3 Billion In Losses Globally In 2024, Of Which $1.3 Billion Was Attributed To North Korean Actors\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The financial impact of North Korean cyberattacks on the crypto sector is staggering. <\/span><\/p>\n<p><span style=\"font-weight: 400\">According to blockchain security firm Cyvers, crypto-related fraud resulted in $2.3 billion in losses globally in 2024. <\/span><span style=\"font-weight: 400\">Of this amount, $1.3 billion was directly attributed to security incidents involving North Korean actors. <\/span><\/p>\n<p><span style=\"font-weight: 400\">There was a 103% increase from the $660 million stolen in 2023. This sharp rise underscores the growing threat these actors pose to businesses and investors alike.<\/span><\/p>\n<p><strong>Explore: <a href=\"https:\/\/99bitcoins.com\/news\/south-korea-links-50m-crypto-heist-to-north-korea\/\" rel=\"bookmark\">South Korea Links $42M Upbit Crypto Heist To North Korea<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/us-japan-south-korea-issue-joint-warning-on-north-korean-crypto-thefts\/\">US, Japan, South Korea Issue Joint Warning On North Korean Crypto Thefts<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a display of trilateral cooperation, US, Japan and South Korea have issued a joint statement warning the global cryptocurrency industry about the escalating threat posed by cyberattacks linked to North Korean actors.\u00a0The announcement was made on 14 January 2025.\u00a0 \u201cThe United States, Japan, and the Republic of Korea advise private sector entities, particularly in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7893","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7893"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7893\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}