Crypto company based in Japan warn of possible threats from cyber attacks

Crypto company based in Japan warn of possible threats from cyber attacks

Tokyo, Japan
  • According to the authorities, Lazarus most likely aims at Japanese crypto operators through cyber attacks from
  • crypto companies are asked to warn of phishing attacks and social engineering

The North Korean Hacking Group Lazarus plans phishing and social engineering attacks on crypto companies, have warned authorities in Japan.

The local police, the Japanese financial supervisory authority and the National Center of Incident Readiness and Strategy recently warned local crypto companies advisory explanation on further hacking-tests. They also determined preventive measures to monitor violations.

Since Lazarus is funded by the state, it is assumed that the proceeds from the hacks could flow into the North Korea's nuclear weapons program. The group was also associated with the use of the Cryptomic Tornado Cash recently sanctioned by the US Ministry of Finance to obscure the origin of stolen funds.

The authorities do not mention which crypto companies were attacked by Lazarus, however, warned that security measures such as improved administration of private keys were justified.

They asked both individuals and companies to take countermeasures, e.g. B. to ensure that the origin of downloaded files is a trustworthy source, interfaces to web applications are legitimate and private keys are saved offline, for example in a hardware wallet.

It is believed that Lazarus has stolen crypto systems worth more than $ 1.75 billion since its foundation in 2009. chain analysis last year. The group is behind several crypto exchange hacks, including the theft of crypto worth $ 49 million from Upbit in 2019.

After several companies had chopped their internal systems and stole crypto, the police reported that an investigation within a special investment unit reported. They finally found that Lazarus was the culprit.

an Local report from japan notes that It is not common to name a suspected attacker before a larger action such as a arrest, but that the public mention of the group is also regarded as an effective step to prevent attacks, as this could cause people to take measures and remain vigilant.


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The Post Japan-Based Crypto Businesses Warning of Possible Cyberattack Threat is not a financial advice.

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