New Delhi: In a growing cybersecurity threat, North Korean hackers have shifted their focus to cryptocurrency exchange-traded funds (ETFs), according to a recent FBI warning. The announcement, made in a public service advisory, revealed that these hackers have conducted extensive research on companies associated with cryptocurrency ETFs, potentially signaling future attacks.The Lazarus Group, a notorious North Korean hacking collective, has previously targeted the crypto industry, stealing billions in digital assets. Their latest research suggests an intention to infiltrate companies linked to crypto-related financial products. Taylor Monahan, lead security researcher at MetaMask, urged ETF issuers and related firms to immediately review internal controls and security protocols. “Lazarus doesnt mess around, and they are very good at getting inside organizations,” Monahan said.Is Bitcoin ETF, the next big thingBitcoin ETFs, launched in the U.S. earlier this year, have garnered significant attention, with major financial institutions such as Goldman Sachs and Morgan Stanley holding substantial investments. Meanwhile, Ethereum ETFs saw a quieter introduction but remain a crucial part of the growing crypto market.The FBIs advisory is a significant step, indicating potential widespread vulnerabilities across the financial sector. While traditionally targeting crypto exchanges, North Korean hackers are now eyeing larger, more standardized entities like ETF issuers. These sophisticated cybercriminals have proven their capability to exploit both traditional and crypto sectors, raising alarms for financial organizations worldwide.
