North Korean state-sponsored hackers expanded their arsenal, launching a new campaign dubbed ‘Hidden Risk’ that seeks to infiltrate crypto firms through malware disguised as legitimate documents.

In a Thursday report, hack research firm SentinelLabs connected the latest campaign to the notorious BlueNoroff threat actor, a subgroup of the infamous Lazarus Group, known for siphoning off millions to fund North Korea’s nuclear and weapons programs.

The series of attacks is a calculated effort to extract funds from the fast-growing $2.6 trillion crypto industry, taking advantage of its decentralized and often under-regulated environment. 

The FBI recently issued warnings about North Korean cyber actors increasingly targeting employees of DeFi and ETF firms through tailored social engineering campaigns. 

The hackers’ latest campaign appears to be an extension of those efforts, focusing on breaching crypto exchanges and financial platforms.

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Author: Vismaya V