Curated News
By: NewsRamp Editorial Staff
April 29, 2025
North Korean Hackers Establish Fake U.S. Companies to Target Crypto Developers
TLDR
- North Korean hackers create fake US companies to target crypto developers, bypassing sanctions for advantage.
- Hackers register Softglide LLC and Blocknovas LLC in New York and New Mexico with fake addresses and names.
- Preventing nefarious activities like these by hackers can protect the integrity of the cryptocurrency sector for a better future.
- Discover how North Korean cyber operatives set up fake US companies to target crypto developers, revealing the dark side of digital currency.
Impact - Why it Matters
This news highlights the ongoing cybersecurity threats faced by the cryptocurrency industry and emphasizes the importance of robust security measures to protect against malicious activities. It serves as a reminder for companies and individuals involved in the crypto space to stay informed and vigilant to safeguard their assets and data.
Summary
North Korean hackers have reportedly managed to create two fake companies in the U.S., slipping past Treasury Department sanctions in an effort to target crypto developers with malware. The companies, Softglide LLC and Blocknovas LLC were registered in New York and New Mexico, respectively, using fake addresses and names.
Major companies like Riot Platforms (NASDAQ: RIOT) need to take proactive steps to keep their employees vigilant so that they don’t fall afoul of the nefarious intentions of crypto hackers
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, North Korean Hackers Establish Fake U.S. Companies to Target Crypto Developers
