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North Korea becomes the new base of cybercrime, investors in NFT are becoming victims

North Korea’s Lazarous Group is infamous for cyber crime.

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North Korea’s Lazarous Group is infamous for cyber crime. Now it has again come in limelight. The reason behind this is that the group has repeatedly carried out phishing attacks on the NFT sector.

North Korea’s Lazarous Group is infamous for cyber crime. Now it has again come in limelight. The reason behind this is that the group has repeatedly carried out phishing attacks on the NFT sector. Hackers have used about 500 phishing domains. By using these, they are hunting those people who want to invest in NFTs. The blockchain security company SlowMist has disclosed about the Lazarous Group in its report.

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Fraud going on for many months

It has been mentioned in the report that these cybercrime cases have been going on for months. According to the report, the phishing domain was first registered around May-June.

NFT or non-fungible tokens are digital tokens based on blockchain, which can also work in the metaverse. NFTs are valuable and with the help of their blockchain-based creation, the full ownership of these virtual assets is transferred to the buyers and resides in crypto wallets. The Lazarous Group creates fake websites that look identical to genuine NFT projects. With their help, they are trapped in the trap of fake websites.

How is fraud done?

An official post by Slowmist states that phishing websites record visitor’s data and pass it on to external websites. The hacker records the visitor’s information and gives it to the external domain through HTTP GET request. It has been said that in their investigation, it has been found that hackers use many tokens in their phishing attacks, such as WETH, USDC, DAI and UNI etc.

This year has not been profitable for the NFT industry. Many fraud cases have been seen in this sector. A large number of phishing attacks are coming to the fore. For example, last week anti-theft platform Harpie said that visitors to OpenSea are at risk of a new type of scam. In this, users are taken to phishing sites.

What is NFT?

Let us tell you that NFTs ie Non-Fungible Tokens are a type of digital asset or data, and it is recorded on the blockchain. NFT is a type of digital token. In this, you can monetize images, games, videos, tweets by converting them into NFTs. The special thing in this is that, these digital assets are bought and sold through cryptocurrency only.

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