DeBridge Team Foils Possible Lazarus Group Cyberattack

DeBridge Team Foils Possible Lazarus Group Cyberattack

DeBridge Finance co-founder Alex Smirnov claims the team was the subject of an attempted cyberattack yesterday by the North Korean hacking group.

Key Takeaways

  • DeBridge Finance fended off a cyberattack yesterday, according to co-founder Alex Smirnov.
  • The modus operandi suggests the entity behind the attempted attack may be North Korean hacking syndicate Lazarus Group.
  • Lazarus Group is the crime organization responsible for Axie Infinity’s $550 million Ronin bridge hack.

North Korean hacking syndicate Lazarus Group is thought to be behind a failed cyberattack on deBridge Finance yesterday.

Close Call

A suspected hacking attempt from North Korean cybercriminals has been averted.

DeBridge Finance co-founder Alex Smirnov posted on Twitter today that the protocol’s team had been the subject of an attempted cyberattack that may have been engineered by the North Korean hacking syndicate Lazarus Group.

According to Smirnov, several members of the deBridge team received emails yesterday with PDFs attached to them entitled “New Salary Adjustments.” Downloading the file and submitting password information would have unleashed a data-collecting virus on affected computers, and the virus would then have transmitted collected data to an “attacker command center.” 

Smirnov claims the PDF titles, “New Salary Adjustments,” were used by Lazarus Group hackers in previous cyberattacks; he furthermore warned all teams in Web3 to keep on the lookout for similar attacks, believing the campaign to be “widespread.” The deBridge protocol itself had not been affected by the attempted cyberattack, assured Smirnov.

Lazarus Group became infamous in the crypto space in March for exploiting Axie Infinity’s Ronin bridge for $550 million, the biggest hack in crypto history. According to DeFiance Capital founder Arthur Cheong, Lazarus Group is only one of multiple state-sponsored North Korean hacking syndicates that are currently targeting the crypto space; Cheong believes “all the prominent organizations” in the industry are at risk. Cybersecurity firm Kaspersky has echoed Cheong’s warnings, claiming that another group called BlueNoroff is targeting crypto startups.

North Korean hacking groups have also used cryptocurrencies in ransomware attacks against other sectors of the economy. Last month, the U.S. Justice Department recovered $500,000 from North Korean hackers who had forced two U.S. hospitals to send ransom money in Bitcoin to regain access to their servers.

Disclosure: At the time of writing, the author of this piece held ETH and several other cryptocurrencies. 

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

A North Korean Hacking Group Is Targeting Crypto Startups


News


BlueNoroff, a North Korean hacking group, is now primarily targeting crypto startups, according to a report from cybersecurity firm Kaspersky. BlueNoroff Is Solely Targeting Crypto Startups The North Korean hacking…

A North Korean Hacking Group Is Targeting Crypto Startups

Justice Department Seizes $500,000 From North Korean Hackers


News


The U.S. Justice Department has seized and returned almost half a million dollars to two hospitals in Kansas and Colorado after they were targeted by North Korean hackers. The medical…

Justice Department Seizes $500,000 From North Korean Hackers

North Korea Is Targeting Entire Crypto Space, Top VC Warns


News


DeFiance Capital founder Arthur Cheong has said that North Korea’s state-sponsored hackers have likely already penetrated all corners of the crypto industry and know precisely the kind of attacks to…

North Korea Is Targeting Entire Crypto Space, Top VC Warns

Read More

Write a comment

Your email address will not be published. All fields are required