CZ Issues Urgent Warning, North Korean Hackers Target the Crypto Community

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Changpeng Zhao (CZ), founder of Binance, has issued an urgent security warning on social media platform X, sending shockwaves through the crypto community. He revealed a series of sophisticated tactics used by North Korean hacker groups to steal data and digital assets, stressing the imminent danger facing both exchanges and investors.

North Korean Hackers: Intelligent, Patient, and Extremely Dangerous

CZ emphasized that his warning is not based on rumors but on both personal experience and insider reports from multiple attacks. “They are highly creative, organized, and extremely patient. Just one small gap can bring down an entire system,” he warned.

Increasingly Sophisticated Tactics

According to CZ, North Korean hackers often disguise themselves under unexpected “masks” to reach their victims:

Posing as job applicants for developer, finance, or cybersecurity roles to infiltrate companies.
Pretending to be recruiters, conducting fake Zoom interviews and sending “update” links or “sample code” embedded with malware.
Impersonating customers with technical issues, sending malicious links to exchange support desks.
Bribing employees or contractors to gain access to sensitive internal data.

Losses in the Hundreds of Millions

CZ cited a recent case where a major outsourcing firm in India was hacked, leading to a data breach at a U.S.-based exchange. As a result, users lost more than $400 million worth of crypto — a staggering blow to the industry.

Final Warning

Closing his post, CZ urged all crypto exchanges, wallets, and industry players to train employees thoroughly, remain vigilant against suspicious files or emails, and carefully vet job candidates.

“Just one wrong click can lead to disaster,” he stressed.

CZ’s warning is not just advice — it’s a wake-up call for the entire industry: Don’t let North Korean hackers’ traps become the next nightmare for the crypto market.

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