North Korean IT Workers Frequently Infiltrate Crypto Firms, Lurk and Then Hack
On October 2, CoinDesk reported that more than a dozen cryptocurrency companies unknowingly hired IT workers from the Democratic People's Republic of Korea (DPRK), including established blockchain projects such as Injective, ZeroLend, Fantom, Sushi, Yearn Finance, and Cosmos Hub. Using fake IDs, these workers managed to pass interviews, pass background checks, and provide real work history.
Hiring North Korean workers is illegal in the U.S. and other countries that sanction North Korea, and multiple companies have hired and subsequently hacked North Korean IT workers. “Everyone is trying to filter out these people,” said Zaki Manian, a prominent blockchain developer. He inadvertently hired two North Korean IT workers to help develop the Cosmos Hub blockchain in 2021.
U.S. authorities have recently stepped up warnings that North Korean information technology (IT) workers are infiltrating tech companies and using the proceeds to fund nuclear weapons programs. An investigation revealed that North Korean job seekers are particularly aggressive and frequent in targeting cryptocurrency companies - successfully passing interviews, passing background checks, and even displaying an impressive history of code contributions on the open-source software repository GitHub.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grab (GRAB.US) acquires 60% stake in buy-now-pay-later platform Atome for 1.49 billion USD, betting on consumer credit as the "next frontier"
Grab plans to first acquire 60% of Atome Financial with $1.49 billions in cash, and then purchase the remaining 40% after approximately two years.

Singapore medical service provider LYC Healthcare prices IPO at $4 per share, raising the offering size by 67% to $25 million
LYC Healthcare increased the proposed size of its upcoming IPO on Tuesday. The company now plans to offer 6.3 million shares at a proposed price of $4 per share, aiming to raise $25 million.

SK Hynix (SKHY.US) reaches agreement with labor union: profit-sharing bonus will be distributed as 50% cash + 50% stocks
SK Hynix (SKHY.US) has reached an agreement with the labor union to issue half of the profit-sharing bonus in cash.
