LONDON (IT BOLTWISE) – North Korean hackers have developed a new method to steal cryptocurrencies undetected. By using EtherHiding and implementing malware in smart contracts on blockchains such as Ethereum and BNB Smart Chain, they make it difficult to trace and defend against their attacks. This development marks a significant shift in the world of cyber threats.
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Recent reports of North Korean hackers using blockchain technology for undetected crypto thefts have put the cybersecurity world on alert. These attacks, carried out by the UNC5342 group, use a technique called EtherHiding to hide malware in smart contracts on blockchains such as Ethereum and BNB Smart Chain. This method makes it almost impossible to trace the origin of the attacks and makes combating them much more difficult.
The Google Threat Intelligence Group (GTIG) has identified this new threat and reports that attackers are using blockchain as a kind of decentralized “dead mailbox.” This allows them to update the malware at any time and maintain control of the infected systems with minimal costs. This approach shows how cybercriminals adapt and exploit new technologies for their own purposes.
Another element of these attacks is the sophisticated social engineering campaign known as “Contagious Interview.” The hackers create fake LinkedIn profiles to lure developers into supposed job interviews on platforms such as Telegram or Discord. There, victims are tricked into executing malicious code disguised as a harmless job test. The goal is to gain unauthorized access to developers’ devices and steal sensitive information and crypto assets.
The threat of these types of attacks is significant as they not only cause financial losses but also question the integrity of blockchain technology. The use of blockchains for cyberattacks represents a new era of threats that poses significant challenges for both companies and governments. Experts warn that attackers’ ability to dynamically control and update malware makes combating these threats much more difficult.
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