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Google report exposes North Korea's growing cyber presence in blockchain industry

Apr, 03, 2025 Hi-network.com
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North Korean cyber operatives have expanded their activities by targeting blockchain startups in the United Kingdom and European Union.

A report from Google's Threat Intelligence Group (GTIG) revealed that IT workers linked to the Democratic People's Republic of Korea (DPRK) have embedded themselves in crypto projects beyond the United States, across the UK, Germany, Portugal, and Serbia.

These operatives, posing as remote developers, have left compromised data and extortion attempts in their wake.

?North Korean IT Workers: A Growing Threat!

GTIG has seen increased DPRK IT worker ops in Europe, expanding beyond the U.S. They pose as remote workers, putting orgs at risk of espionage, data theft, and disruption.

Learn more: https://t.co/JaHgl3sduj pic.twitter.com/7oOW1WguoJ

- Google Cloud Security (@GoogleCloudSec) April 1, 2025

Affected projects include blockchain marketplaces, AI web applications, and Solana-based smart contracts. Some developers worked under multiple fake identities, using falsified university degrees and residency documents to gain employment.

Payments were routed through services like TransferWise and Payoneer, obscuring funds flowing back to the North Korean regime. Cybersecurity experts warn that companies hiring these workers risk espionage, data theft, and security breaches.

GTIG reports that these cyber operations are generating revenue for North Korea, which has been accused of using overseas IT specialists to finance its sanctioned weapons programmes.

Financial service providers, including Wise, have stated that they monitor transactions closely and report any suspicious activity. With increasing global scrutiny, experts caution businesses to remain vigilant against fraudulent hires in the blockchain sector.

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tag-icon Tags chauds: La cybercriminalité Protection des consommateurs La chaîne de blocs Digital aspects and the environment publish

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