WEB3
by BSCN
July 15, 2024
Are you hiring for your crypto company? Be very careful indeed you’re not being duped by North Korean imposters…
A report by DLNews points to mounting evidence that North Korean nationals are flooding crypto jobs boards with fake applications, the imposters looking to infiltrate crypto companies to conduct malicious activities.
“mounting evidence suggests a number of these bogus applicants appear to be North Korean nationals who are trying to infiltrate crypto projects for nefarious purposes, including gathering sensitive data, hacking, and stealing assets”, wrote DLNews
According to the United Nations Security Council, a whopping 4,000 North Koreans have been given the task of infiltrating the Western technology hiring industry, and said scheme earns North Korea around $600 million every year.
A security researcher at MetaMask reportedly told DLNews that…
“They have very limited amounts of resources they can sell to China… So they generate revenue by doing things like illegally selling resources, IT work, hard labour, and hacking”
According to reports, some North Korean imposters can earn as much as $60,000 per month through multiple different roles and jobs. North Korean authorities then take the vast majority of these earnings.
The risks of hiring malicious actors is even higher in Web3 than in other sectors. This is due to the trend of hiring anonymous/pseudonymous developers and employees for cryptocurrency projects.
While there is no way to tell for certain whether or not an applicant is malicious and/or North Korean in nature, there appear to be some telltale signs to watch out for. These include…
As mentioned, there is no surefire way to detect whether or not a candidate is malicious or fake in nature, and Web3 projects and hirers are urged to conduct as thorough interview/DD process as possible, to avoid falling prey to this rising threat.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
Latest News
0h : 32m ago
Uniswap Approves $165.5M Growth Plan – How it Matters
2h : 17m ago
US SEC Drops Ripple Lawsuit: What it Means
March 19, 2025
FLOKI Token Review: The Self-Sustaining Crypto Ecosystem
March 19, 2025
Ice Network Update: Exchange Listings & Partnerships
March 19, 2025
BNB Chain's Dramatic Surge in 2025: Bigger than Ethereum
March 19, 2025
Is Crypto Security Crumbling? How the Industry Can Fight Back
March 19, 2025
Binance's 12th Hodler Airdrop Project: What Is BubbleMaps (BMT)?
March 19, 2025
Raydium to Launch Memecoin Rival to Challenge Pump.fun