American IT Firm Targeted By Korean Hackers In Crypto Theft

A major American technology company has been hacked recently by the North Korean Internet criminals gang in an attempt to target its customers who rely on encrypted currencies. In the company’s blog, Jumpcloud, an information technology management company based in Louisville, Colorado, said that Pirates from North Korea stormed its system in late June.

North Korea pirates storm Jumpcloud

While Jumpcloud was not at first able to confirm the details of the attack, he did so now Come Abroad to share additional details. Through its investigations with the American Crowdstrike Technology Company, Jumpcloud managed to determine that the infiltrators were from North Korea and were supported by its government.

Jumpcloud is home to more than 200,000 companies and institutions that use infrastructure, access, safety and management infrastructure.

But according to Reuters, two people familiar with the matter emphasized that the Jumpcloud customers targeted by the infiltrators are only Cryptocurrency. Jumpcloud has also confirmed that less than 5 Jumpcloud customers were affected, and that less than 10 devices were affected by a total.

Total market cap holding steady above $1.16 trillion | Source: Crypto Total Market Cap on Tradingview.com

The emergence of Internet crimes and the stealing of cryptocurrencies sponsored by the state

It is not clear at the present time the amount of damage caused by infiltrators before noticing the security breach, but Jumpcloud says it has taken the appropriate steps to eliminate the threat. Jumpcloud has also changed its API keys as a result of penetration.

While the attack was revealed and frustrated before any major damage, it shows the prevailing threat to bad actors in the nation -state, especially North Korea, which targets encryption companies. The Jumpcloud attack explains that these electronic criminals go up to their game and target companies that can provide them with more to more victims.

“I don’t think this is the last thing we will see in the North Korean Supply Series attacks this year,” said Adam Myers, Senior Vice President of Intelligence at Crowdstrike.

The pirate group known as Labyrinth Chollima, is one of several groups claiming to be working on behalf of North Korea. Another major piracy union based in North Korea is the Lazaros group, known for its bold attacks on encryption companies and projects. These North Korean infiltrators, sponsored by the state, have become a baren in penetrating foreign information technology systems to steal cryptocurrencies and other digital assets.

According to Chainalysis, 2022 was the largest year for these Korean pirates, theft Nearly $ 1.7 billion of cryptocurrencies through many breaches. Most of these breakthroughs came from the violations of Defi protocols. In only one attack, hundreds of millions of dollars of cryptocurrencies were moved away from Axie Infinity, a famous Blockchain game. However, North Korea denied all allegations on this issue.

Distinctive image from Global Hackers Team, scheme from TradingView.com

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