Home Security Hacker intensifies efforts to steal more crypto via Telegram

Hacker intensifies efforts to steal more crypto via Telegram

Security researchers in a recent publication revealed that a hack group famously known as Lazarus are intensifying efforts to steal as much more digital currency through popular messaging app Telegram.

It is believed that the hack group linked to originate from North Korea has developed enhanced capabilities that executes in memory, rather than running on HDDs. It allows it remain undetected and delivers malware through popular messaging app Telegram.

Lazarus hack group are believed to target Telegram because of it’s newly and about to launch digital currency, Gram and its large crypto community.

Reportedly in the past, the hackers have been said to crackdown a good number of cryptocurrency exchanges and run away with huge amount of money. Some of their victim have also been declared bankrupt.

Moscow-based Kaspersky Labs whose security researchers revealed Lazarus hack group’s operation has been analysing new attacks from the group. This is to determine how its techniques have developed since the AppleJesus attack on several cryptocurrency exchanges in 2018.

All these are happening in the wake of panic from the entire crypto community after Delloite, a global accounting firm revealed that cryptocurrencies are susceptible to hack attack with the outbreak of quantum computing.

Lazarus hack group attack strategy

The strategy the group are to deploy is a squel to APpleJeus discovered in 2018. They plan a campaign that uses fake crypto trading firms to lure in investors. They also use websites filled with links to fake Telegram trading groups where the hackers continue to deceive their soon-to-be victims

They also use the Telegram messenger app to deliver a malicious payload which infects Microsoft Windows’ operating system. After infesting these systems, such devices can be accessed remotely and hacker’s carts away cryptocurrency held inside the device.

Researchers found out in the cause of their research that victims are usually not individuals but crypto businesses around Europe and China.

The UN reportedly announced last year that Korean hackers stole an estimated $2 billion by hacking financial institutions and crypto exchanges

Crypto holders warned to be careful

Experts have been employed to educate citizens about the benefits involved with the use of this nascent technology.

In crypto stealing campaign, Lazarus hackers group are believed to be interested in attacking any digital asset and Bitcoin-related businesses. The group has also been tipped to have increased its target snip to acquire as much crypto as they can employing various strategy and methodology.

Muhaimin Olowoporoku
Muhaimin is a journalist and a crypto enthusiast. He believes in the Africa project and sees blockchain technology as a possible solution alongside developmental journalism

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Uganda MPs urges restraint over crypto adoption

Speaker of Uganda Parliament, Rebecca Kadaga, has admonished Members of Parliament to be cautious about the rampant crypto pyramid schemes in the...

BABB, crypto platform to launch Feb 12,

The BABB platform (Bank Account Based Blockchain) having shutdown external communication and entered “dark mode” at the end of...

$1M Bitcoin price prediction, irrational ― Josh Rager

While McAfee seemingly had belief in this $1Million Bitcoin price prediction, a leading analyst has asserted that this prediction and others like...

Yet again, YouTube deletes crypto videos

The popular online video platform, YouTube has once again begun mass deletion of crypto videos from its platform.  Making...

Tezos Foundation launches mainnet faucet for users

Tezos Foundation has launched a cryptocurrency faucet to dispense a small stream of XTZ tokens to users. According to...