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Source: FBI The Federal Bureau of Investigation (FBI) has issued a stark warning about advanced social engineering schemes employed by North Korean cyber actors targeting the cryptocurrency sector. These tactics, described as “highly tailored and difficult-to-detect,” aim to infiltrate and exploit decentralized finance (DeFi) businesses and other cryptocurrency-related organisations. Do you work in the crypto industry? If so, you are a target of North Korean actors who use convincing, personalized social engineering tactics to access networks and steal company crypto. Read the new #FBI #PSA to protect your company from crypto thefts: https://t.co/UJ7TOIkek1 pic.twitter.com/mOCDNqJFND — FBI (@FBI) September 3, 2024 North Korea’s Elaborate Social Engineering Schemes North Korean malicious cyber actors are using intricate social engineering campaigns to compromise employees of cryptocurrency companies. According to the FBI’s latest public service ...

The security firm urges those using wallets generated from 2011 to 2015 to transfer their assets to crypto wallets that were generated more recently. While the crypto community is still weathering the effects of the recent $100-million Poloniex hack, another cyber security threat that could affect billions worth of crypto assets has been discovered by a team of blockchain security experts.  On Nov. 14, cybersecurity company Unciphered released information on a vulnerability that they called “Randstorm,” which they claim to affect millions of crypto wallets that were generated from 2011 to 2015. Today we release our work on Randstorm: a vulnerability affecting a significant number of browser generated crypto currency wallets https://t.co/CebdytNaC6 Reporting @washingtonpost https://t.co/OzYDq2tH4W Technical write-up: https://t.co/HPqjtaX1CA #Bitcoin #blockchain pic.twitter.com/aN7CZh9sv4 — Unciphered LLC (@uncipheredLLC) November 14, 2023 According to the firm, while wor...

The fast-paced nature of the crypto markets means investors are under massive pressure to quickly verify whether a video message is authentic or not. Crypto investors have been urged to keep their eyes peeled for "deepfake" crypto scams to come, with the digital-doppelganger technology continuing to advance, making it harder for viewers to separate fact from fiction.  David Schwed, the COO of blockchain security firm Halborn told Cointelegraph that the crypto industry is more “susceptible” to deepfakes than ever because “time is of the essence in making decisions” which results in less time to verify the veracity of a video. Cast your vote now! Deepfakes use deep learning artificial intelligence (AI) to create highly realistic digital content by manipulating and altering original media, such as swapping faces in videos, photos, and audio, according to technical writer at OpenZeppelin Vlad Estoup. Estoup noted that crypto scammers often use deepfake technology to creat fake ...