Lazarus Group Targets Crypto Users With Phishing Scams And Laundered $200M Cryptocurrency

The Lazarus Group, a notorious cybercrime organization linked to North Korea, has been actively targeting cryptocurrency users through sophisticated phishing scams. Recently, they were reported to have laundered a staggering $200 million in cryptocurrency. This group has a history of launching cyber attacks on financial institutions, cryptocurrency exchanges, and now, individual crypto users. By using phishing scams, they trick unsuspecting victims into revealing their sensitive information, allowing the group to access and steal their digital assets.

In a six-year span, the North Korean Lazarus group managed to successfully target the crypto industry, resulting in the theft of a staggering $3 billion. Their modus operandi involved setting up fake LinkedIn profiles to establish credibility and trust with their targets. By impersonating potential business partners, they gained access to valuable information and accounts within the crypto industry. Moreover, the group utilized crypto mixers to launder the stolen funds, making it harder to trace the origins of the illicitly obtained cryptocurrencies.