The post Crypto Hack Alert: North Korean Devs Behind $1.3M Crypto Theft from Over 25 Projects appeared first on Coinpedia Fintech News
ZachXBT, an on-chain blockchain investigator, has uncovered a complex crypto scam that resulted in the theft of $1.3 million from a project’s treasury. The breach was traced back to malicious code inserted by developers who were later identified as North Koreans, working for the regime while using fake identities. This discovery has sparked concern in the crypto community, highlighting serious security risks that many projects may face.
1/ Recently a team reached out to me for assistance after $1.3M was stolen from the treasury after malicious code had been pushed.
Unbeknownst to the team they had hired multiple DPRK IT workers as devs who were using fake identities.
I then uncovered 25+ crypto projects with… pic.twitter.com/W7SgY97Rd8
— ZachXBT (@zachxbt) August 15, 2024
One of the affected teams contacted ZachXBT for help, unawa
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