North Korean hackers with the Lazarus Group have stolen over $300 million with this Telegram phishing scam.
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Welcome back to The Blockspace Podcast! Today, Taylor Monahan, a security lead at MetaMask, joins us to talk about a highly sophisticated $300M phishing attack linked to North Korea’s Lazarus Group. Taylor shares how the Lazarus Group hijacks Telegram accounts to lure victims into fake Zoom meetings and download a Trojan horse malware program. We break down the hackers’ strategy, how the malware works, which wallet types are most vulnerable to theft, and what users can do to protect themselves if they have fallen prey to the scam or not. Tune in to learn how to identify these red flags and implement better digital hygiene for your crypto assets.
Check out this article for a deep dive into how the malware works; plus, follow Taylor for updates on X and keep track of Laars Group’s history of hacks via her Github.
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Notes:
* Lazarus Group stole over $300M in the last year.
* Attackers hijack Telegram accounts.
* Scammers use fake Zoom links to deploy malware.
* Malware often bypasses paid antivirus software.
* Sandbox architecture on iOS offers more safety.
* Software wallets and browser wallets are most vulnerable.
* 2FA remains critical for sensitive account access.
Timestamps:
00:00 Start
03:51 Telegram attack
11:30 2 Factor Authenticators
13:48 Losses
16:38 Calculating losses
19:08 North Korea
21:52 Malware
24:17 Malware detection
25:16 EDR
27:12 Wallets
34:21 Is verifying addresses enough?
39:28 Wallet malware design
44:11 What do they want?
54:16 Taylor stealing payloads
1:01:49 Steps to protect
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