North Korean cybercriminals are stepping up their game and becoming more sophisticated in a bid to steal cryptocurrency—including conducting research on those connected to digital asset exchange-traded funds (ETFs), the FBI has warned.

In a Tuesday announcement, the agency said that criminal actors from the closed-off state were now conducting “difficult-to-detect social engineering campaigns” against those working in the crypto sector, including those in the decentralized finance (DeFi) and ETF space.

The advanced scams target workers in the digital asset space by impersonating others or making phony job offers in attempts to steal valuable personal information, the FBI said. Such attempts are typically called phishing scams.

“North Korean malicious cyber actors conducted research on a variety of targets connected to cryptocurrency ETFs over the last several months,” the announcement read.

“This research included pre-operational preparations suggesting North Korean actors may attempt malicious cyber activities against companies associated with cryptocurrency ETFs or other cryptocurrency-related financial products.”

The FBI added that “even those well-versed in cybers

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Author: Mathew Di Salvo

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