{"id":1529,"date":"2025-01-16T00:07:09","date_gmt":"2025-01-16T00:07:09","guid":{"rendered":"https:\/\/fusionmindlabs.com\/blogs\/2025\/01\/16\/north-korean-it-worker-linked-to-2016-crowdfunding-scam\/"},"modified":"2025-01-16T00:07:10","modified_gmt":"2025-01-16T00:07:10","slug":"north-korean-it-worker-linked-to-2016-crowdfunding-scam","status":"publish","type":"post","link":"https:\/\/fusionmindlabs.com\/blogs\/north-korean-it-worker-linked-to-2016-crowdfunding-scam\/","title":{"rendered":"North Korean IT Worker Linked to 2016 Crowdfunding Scam"},"content":{"rendered":"\n<\/p>\n<p><strong>North Korean IT Fraud Network Linked to 2016 Crowdfunding Scam<\/strong><\/p>\n<div>\n<p><span class=\"p-author\"><i class=\"icon-font icon-calendar\">\ue802<\/i><span class=\"author\">Jan 15, 2025<\/span><i class=\"icon-font icon-user\">\ue804<\/i><span class=\"author\">Ravie Lakshmanan<\/span><\/span><span class=\"p-tags\">Blockchain \/ Cryptocurrency<\/span><\/p>\n<\/div>\n<div id=\"articlebody\">\n<div class=\"separator\" style=\"clear: both;\"><a href=\"https:\/\/blogger.googleusercontent.com\/img\/b\/R29vZ2xl\/AVvXsEg3M6Zvo1_I3EjFF3H8gw5cSfBeMCI5HNLgGLN45d711GzrnAs9fucY0bwCrl6GRhwzIGwWOGiAG3RAeFE_IJaVW9co-FDnR1kfYqK0GyV6_k5fnrflmZqGf9WxQTfn7D9vkH-rUWC5scc5Dm0SmyNhSPfK9MeRlETXtHKz0dOsD1W8LAIQjOxrhe1mC2B7\/s728-rw-e365\/korea.png\" style=\"clear: left; display: block; float: left;  text-align: center;\" rel=\"nofollow noopener\" target=\"_blank\"><\/a><\/div>\n<p>Cybersecurity researchers have identified infrastructure links between the North Korean threat actors behind the fraudulent IT worker schemes and a 2016 crowdfunding scam.<\/p>\n<p>The new evidence suggests that Pyongyang-based threat groups may have pulled off illicit money-making scams that predate the use of IT workers, SecureWorks Counter Threat Unit (CTU) said in a report shared with The Hacker News.<\/p>\n<p>The IT worker fraud scheme, which has been reported by the US Department of Justice, said.<\/p>\n<p>Some of the companies targeted in 2024 alone included DMM Bitcoin, Upbit, Rain Management, WazirX, and Radiant Capital, leading to the theft of more than $659 million in cryptocurrency. The announcement marks the first official confirmation that North Korea was behind the hack of WazirX, India&#8217;s largest cryptocurrency exchange.<\/p>\n<p>&#8220;This is a critical moment. We urge swift international action and support to recover the stolen assets,&#8221; WazirX founder Nischal Shetty posted on X. &#8220;Rest assured, we will leave no stone unturned in our pursuit of justice.&#8221;<\/p>\n<p>Last month, blockchain intelligence firm Chainalysis also revealed that threat actors affiliated with North Korea have stolen $1.34 billion across 47 cryptocurrency hacks in 2024, up from $660.50 million across 20 incidents in 2023.<\/p>\n<p><\/p>\n<div class=\"cf note-b\">Found this article interesting?  Follow us on <a href=\"https:\/\/twitter.com\/thehackersnews\" rel=\"noopener nofollow\" target=\"_blank\">Twitter <i class=\"icon-font icon-twitter\">\uf099<\/i><\/a> and <a href=\"https:\/\/www.linkedin.com\/company\/thehackernews\/\" rel=\"noopener nofollow\" target=\"_blank\">LinkedIn<\/a> to read more exclusive content we post.<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n\n<br \/><a href=\"https:\/\/thehackernews.com\/2025\/01\/north-korean-it-worker-fraud-linked-to.html\" rel=\"nofollow noopener\" target=\"_blank\">Source Link<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>North Korean IT Fraud Network Linked to 2016 Crowdfunding Scam \ue802Jan 15, 2025\ue804Ravie LakshmananBlockchain \/ Cryptocurrency Cybersecurity researchers have identified infrastructure links between the North Korean threat actors behind the&#8230;<\/p>\n","protected":false},"author":19,"featured_media":1530,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[46,39,32,31,33,34,35,40,36,37,42,44,43,41,38,45],"class_list":["post-1529","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cybersecurity","tag-computer-security","tag-cyber-attacks","tag-cyber-news","tag-cyber-security-news","tag-cyber-security-news-today","tag-cyber-security-updates","tag-cyber-updates","tag-data-breach","tag-hacker-news","tag-hacking-news","tag-how-to-hack","tag-information-security","tag-network-security","tag-ransomware-malware","tag-software-vulnerability","tag-the-hacker-news"],"jetpack_featured_media_url":"https:\/\/fusionmindlabs.com\/blogs\/wp-content\/uploads\/sites\/9\/2025\/01\/korea.png","_links":{"self":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/1529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/comments?post=1529"}],"version-history":[{"count":1,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/1529\/revisions"}],"predecessor-version":[{"id":1531,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/posts\/1529\/revisions\/1531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media\/1530"}],"wp:attachment":[{"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/media?parent=1529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/categories?post=1529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fusionmindlabs.com\/blogs\/wp-json\/wp\/v2\/tags?post=1529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}