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International Business Times
International Business Times
Business
Marvie Basilan

North Korean Cybercriminals Eyeing Employees Of Bitcoin, Ethereum ETF Firms: FBI

In photo: a word cloud featuring "ETF". (Credit: EpicTop10.com/flickr)

KEY POINTS

  • Cyber actors linked to the DPRK conducted research on employees of firms offering crypto ETFs, the FBI said
  • The agency reiterated that North Korea is a threat to organizations with exposure to large quantities of crypto
  • DPRK-linked threat actors use "individualized fake scenarios" and also impersonate individuals as part of their scheme

In the vulnerable world of cryptocurrencies and blockchain, hackers and scammers run amok, and among them are cybercriminals linked to the Democratic People's Republic of Korea (DPRK). The said threat actors are known for carrying out some of the biggest security breaches in history, but in recent months, they have been shifting their attention to employees of companies offering spot cryptocurrency exchange-traded funds (ETFs).

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