Crypto Segment is Targeted by North Korean Hackers, FBI Warns, Bitcoin, Solana, Ether, Litecoin

Trading in cryptocurrencies has grown rapidly in the last few years. Along with this, cases of hacker attacks and scams on this segment are also increasing. In the last few months, some big crypto firms have been targeted by hackers. The US Federal Bureau of Investigation (FBI) has warned that attacks by North Korean hackers on the crypto segment are increasing.
Last month, hackers targeted Indian crypto exchange WazirX. There are reports of North Korean hackers being involved in this. In this case, funds worth about $230 million were stolen from WazirX. The FBI said, “Hackers find their victims through their activity on social media. After this, the victims are trapped in various ways.” To avoid these hackers, the FBI has advised not to store information related to login, password and private keys of cryptocurrency wallets on devices connected to the Internet.

WazirX had stopped all deposits and withdrawals on its platform after the hackers’ attack. The exchange had offered the hacker about $23 million (about Rs 192 crore) to return the stolen funds. The case also had an impact on the crypto market. This raised questions about the strength of security in crypto exchanges.

The FBI said in a report in March that last year, frauds in the guise of investing in cryptocurrencies had increased to $3.94 billion. In the previous year, people lost about $2.57 billion in these frauds. In such scams, fraudsters offer advice on crypto-related investments and ask people to invest money in fake tokens. In this, the lure of getting high returns is given. Usually, social media platforms like Facebook and Twitter are used to trap people in this scam. The FBI had said that last year it had received about 8,80,400 complaints of financial scams. About $12.5 billion was lost in these scams. Rules are also being made for this segment in some countries.