BitMEX Fends Off Lazarus Group’s Fake NFT Scam

BitMEX blocked a North Korean cyberattack using fake NFT offers on LinkedIn targeting employees.

  • BitMEX employees targeted with fake NFT job offers.
  • Lazarus Group linked to the failed cyberattack.
  • BitMEX calls the hacking attempt “unsophisticated.”

Crypto exchange BitMEX has revealed that it successfully prevented a cyberattack attempt by the notorious Lazarus Group, a hacker group backed by North Korea. The attackers reportedly tried to infiltrate BitMEX systems by targeting its employees with fake job partnership offers related to NFTs via LinkedIn.

The exchange emphasized that no customer funds or systems were compromised during the attack. BitMEX also made it clear that they detected and blocked the threat early, avoiding any security breach.

How the Fake NFT Scam Was Carried Out

The cyberattack was designed as a social engineering tactic. BitMEX said the hackers contacted its employees pretending to be representatives of a fake company proposing a partnership based on a new NFT project. These fake messages were sent through LinkedIn, a platform commonly used for professional networking.

The Lazarus Group hackers included a link in their message that was meant to install malware if opened. However, BitMEX’s security systems flagged the attempt before any employee clicked the malicious content.

BitMEX stated that while the Lazarus Group has a long history of advanced cyber operations, this specific attempt was relatively weak and poorly disguised. The firm described the attack as “unsophisticated.”

BitMEX’s Response and Industry Warning

After blocking the attempt, BitMEX made the incident public to raise awareness among other crypto companies. They warned about the increasing use of fake job offers and partnership requests as a method to infiltrate organizations.

BitMEX also encouraged industry peers to educate their staff about these kinds of social engineering scams, especially when coming from professional platforms like LinkedIn. The exchange continues to monitor for similar threats and has updated its protocols to stay ahead of future attacks.

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Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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