Fri Sep 19 01:30:00 UTC 2025: **News Article:**
**Crypto Industry on High Alert as North Korean Hackers Infiltrate Companies Undercover**
The cryptocurrency industry is facing a growing threat from North Korean hackers who are using sophisticated methods to infiltrate companies and steal sensitive data, according to warnings from Binance co-founder Changpeng “CZ” Zhao and a team of ethical hackers. These hackers are posing as IT professionals seeking employment and even attempting to bribe employees for access.
CZ raised concerns on X, noting the hackers’ attempts to gain entry through development, security, and finance roles. He also cautioned about agents distributing malicious code via coding questions and phishing attempts disguised as customer support interactions.
The warning is echoed by Coinbase, which has implemented stricter security measures, including in-person training and fingerprinting for employees handling sensitive data. Coinbase CEO Brian Armstrong expressed concern over the constant stream of new hackers emerging from North Korean training programs.
Security Alliance (SEAL), a group of ethical hackers, has compiled a repository of over 60 profiles of North Korean agents using fake identities. The repository includes aliases, fake names, email addresses, websites, and even details on companies that have hired them. This action follows previous reports of North Korean operatives stealing nearly $1 million from crypto firms.
The threat is significant, as North Korean hacking groups, like the Lazarus Group, have been implicated in major cryptocurrency heists, including the $1.4 billion Bybit hack. Chainalysis data reveals that North Korean hackers stole over $1.34 billion in digital assets in 2024 alone, a 102% increase from the previous year.
The crypto industry is urged to enhance employee training and carefully screen candidates to mitigate the risk of infiltration by these malicious actors.
First Piper 