Cybersecurity

Analysis

North Korean IT Workers Have Been Building DeFi Protocols Since 2020. The $285M Drift Hack Shows Why That Matters.

A researcher says over 40 DeFi platforms have employed DPRK state-linked developers. Their seven years of blockchain experience is, as she notes, not a lie. The Drift Protocol exploit was not a code bug. It was a six-month intelligence operation conducted by a North Korean state-affiliated group that attended conferences, deposited real capital, and waited.

By Ramy Morton
News

Kraken Faces Extortion Attempt Over Insider Access to 2,000 Accounts

A criminal group is threatening to release videos of internal systems unless Kraken pays up. The exchange says no breach occurred and funds were never at risk. Kraken has identified and removed the insiders involved in both incidents, notified affected users and is cooperating with law enforcement.

By Ramy Morton