The Federal Bureau of Investigation (FBI) has issued a warning regarding North Korea’s latest cyberattacks targeting U.S.-based Bitcoin exchange-traded funds (ETFs). These attacks use advanced social engineering techniques, focusing on infiltrating companies involved in cryptocurrency to steal digital assets. The hackers have been conducting detailed research on firms and exploiting security vulnerabilities through highly tailored schemes.

North Korean hackers, often posing as trusted individuals or entities, have developed sophisticated methods to breach security systems. They employ tactics such as impersonating recruiters, offering fake employment opportunities, and engaging in prolonged interactions to build trust. These actions are designed to deploy malware and gain access to sensitive company data​.

The FBI reports that the attackers have specifically targeted employees in the decentralized finance (DeFi) sector and cryptocurrency firms.

North Korean hackers have been linked to a number of high-profile cyber thefts, which have stolen billions in cryptocurrency, and continue to evolve their strategies to remain a persistent threat​.

Companies managing significant cryptocurrency holdings are urged to strengthen their security protocols. The FBI recommends multi-factor authentication and a rigorous verification process to prevent unauthorized access.

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