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. Some big crypto firms have been targeted by hackers in the last few months. America’s Federal Bureau of Investigation (FBI) has warned that attacks by North Korean hackers on the crypto segment are increasing.
Last month, Indian crypto exchange WazirX was targeted by hackers. 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 seek out 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 attack by hackers. This exchange had offered the hacker approximately $23 million (approximately Rs 192 crore) to return the stolen funds. This case also had an impact on the crypto market. This raised questions about the strength of security in crypto exchanges.

The FBI had said in a report in March that last year, fraud under the guise of investment in cryptocurrencies had increased to $3.94 billion. Last year, people had lost approximately $2.57 billion in these frauds. In such scams, fraudsters offer crypto-related investment advice and ask people to invest money in fake tokens. In this, the lure of getting higher returns is given. Generally, 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. There was a loss of approximately $12.5 billion in these scams. In some countries, rules are also being made for this segment.