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Blockchain investigator ZachXBT has uncovered a network of North Korean IT workers infiltrating over 25 cryptocurrency projects, using fake identities to secure positions as developers. These workers have allegedly stolen $1.3 million from a project's treasury. The network consists of at least 21 developers who are reportedly earning between $300,000 and $500,000 monthly from established crypto projects. The operation highlights significant security vulnerabilities within the crypto industry, as these North Korean agents have managed to compromise numerous projects while remaining undetected for an extended period.
TL;DR - Eigen Labs employees cash in on secret airdrops worth millions. Bribery or just insider perks? https://t.co/VNP3zJgisP
NORTH KOREAN CRYPTO SCAM: $500K A MONTH EXPOSED ZachXBT blew the lid off a North Korean crew making up to $500K a month from 25+ projects. They used fake IDs to steal $1.3M, laundered it through wild transactions, and even shuffled 16.5 Ether across exchanges. Watch out—this… https://t.co/Q46nRh4ub7
NORTH KOREAN CRYPTO DEVS RAKE IN $500K A MONTH Blockchain investigator ZachXBT has exposed a sophisticated North Korean network allegedly raking in $300,000 to $500,000 monthly across over 25 crypto projects. His August 15th X post reveals that at least 21 developers, working… https://t.co/0dOyMvWYW7