{"id":26055,"date":"2022-10-13T17:46:41","date_gmt":"2022-10-13T12:16:41","guid":{"rendered":"https:\/\/coinswitch.co\/switch\/?p=26055"},"modified":"2022-10-13T17:46:41","modified_gmt":"2022-10-13T12:16:41","slug":"crypto-meme-attack-on-north-korean-scams","status":"publish","type":"post","link":"https:\/\/coinswitch.co\/switch\/news\/crypto-meme-attack-on-north-korean-scams\/","title":{"rendered":"Crypto meme attack on North Korean scams"},"content":{"rendered":"

The crypto community has taken to bombarding North Korean leader Kim Jong-un with a series of memes. The meme attack comes in response to North Korea launching a series of cyber attacks on crypto exchanges in 2022.<\/span><\/p>\n

The crypto community, which is popular for its sense of humor, has therefore struck back at a time when we have seen two major hacks unfold in the span of a week. First, BNB Chain <\/span>lost<\/span><\/a> $500 million drain in a hack. Then, Solana-based DeFi exchange Mango Market\u2019s <\/span>took a hit<\/span><\/a> worth $100 million in an exploit.<\/span><\/p>\n

 <\/p>\n

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Source: Twitter<\/a><\/figcaption><\/figure>\n

The attacks that took place earlier this year were launched by the Southeast Asian nation to fund its nuclear and ballistic missile programs. Following the exploits, North Korea deep dived into illicit activities using crypto\u2014a fact that came to light are its multiple job and phishing scams were unveiled.<\/span><\/p>\n

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Source: Twitter<\/a><\/figcaption><\/figure>\n

 <\/p>\n

The <\/span>job scams<\/span><\/a> involve North Korean scammers applying for jobs in the crypto industry, by impersonating real people. They also spy and sometimes exploit these workplaces. Some even use their pay to fund North Korea\u2019s nuclear program.\u00a0<\/span><\/p>\n

Phishing scams were also rife. In March this year, the most well-known hack came to light. North Korea-backed hacking collective Lazarus Group <\/span>stole<\/span><\/a> $600 million from Axie Infinity\u2019s blockchain, Ronin. The hackers would regularly send out job offers with spyware to Axie Infinity\u2019s engineers. When one of the engineers opened one such offer, the North Korean hackers got access to Axie\u2019s systems, helping them to steal hundreds of millions from the platform.<\/span><\/p>\n

 <\/p>\n

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Source: Twitter<\/a><\/figcaption><\/figure>\n

The crypto humour is not all just about fun and games though. It is a political statement of sorts because the huge sums of money being pumped in by the hackers has real-world implications. North Korea\u2019s updated nuclear policy gives the nation power to execute a nuclear strike \u201cautomatically\u201d and \u201cimmediately to destroy hostile forces\u201d when another country poses an imminent threat to it.<\/span><\/p>\n

The US Senate recently even <\/span>submitted<\/span><\/a> a North Korea policy oversight bill, further seeking sanctions against the region.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The crypto community has taken to bombarding North Korean leader Kim Jong-un with a series of memes. The meme attack comes in response to North Korea launching a series of cyber attacks on crypto exchanges in 2022. The crypto community, which is popular for its sense of humor, has therefore struck back at a time […]<\/p>\n","protected":false},"author":97,"featured_media":26064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[7701],"tags":[6467,6536,8579],"class_list":["post-26055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto","tag-news","tag-north-korea"],"acf":{"json_ld_schema":"\n[{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#FAQPage\",\"headline\":\"Wall Street jottings: A personal, guided tour to investing in US stocks\",\"keywords\":\"Personal Guide, US Investing, \",\"datePublished\":\"2022-07-22T13:28:55+05:30\",\"dateModified\":\"2022-09-19T19:04:28+05:30\",\"dateCreated\":\"2022-07-22T13:28:55+05:30\",\"author\":{\"@type\":\"Person\",\"name\":\"Palak Malhotra\",\"description\":\"\",\"url\":\"https:\/\/coinswitch.co\/switch\/author\/palak\/\",\"sameAs\":[],\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8a4eb1eaba29a875ba204825d6530ed2?s=96&d=mm&r=g\",\"height\":96,\"width\":96}},\"image\":[{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/coinswitch.co\/switch\/us-stocks\/wall-street-jottings\/#primaryimage\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings.jpg\",\"width\":\"1800\",\"height\":\"1080\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x900.jpg\",\"width\":\"1200\",\"height\":\"900\"},{\"@type\":\"ImageObject\",\"url\":\"https:\/\/coinswitch.co\/switch\/wp-content\/uploads\/2022\/07\/Wall-Street-Jottings-1200x675.jpg\",\"width\":\"1200\",\"height\":\"675\"}]}]\n","json_ld_custom_schema":"","youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":false,"select_disclaimer":"Article Default Disclaimer","key_takeways":false},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26055","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/97"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=26055"}],"version-history":[{"count":1,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26055\/revisions"}],"predecessor-version":[{"id":26067,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/26055\/revisions\/26067"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/26064"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=26055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=26055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=26055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}