Krutika Adani
The Lazarus group, backed by the North Korean government, has devised a new method to steal crypto-project funds.
A few developers pose as blockchain engineers to steal project funds.
These developers send malicious malware and spyware in the form of sample code to steal sensitive information like seed phrases and private keys.
It is estimated that they have stolen more than $3 billion worth of crypto by Q1 of 2024.
Project owners must remain vigilant while hiring developers and keep their project funds in multiple wallets.