An unusual job application has helped the crypto exchange Kraken
$108.71M
uncover an attempt by a North Korean hacker to slip inside the company.
Kraken explained in a May 1 blog post that the applicant showed up for an interview using a different name than the one listed on their application. They also sometimes changed their voice during the call, which suggested that someone else might help behind the scenes.
Instead of rejecting the candidate immediately, Kraken decided to move them forward in the process to learn more about how the attack was being carried out.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
How to Avoid Major Crypto Investment Risks? (Beginner-Friendly)
Kraken had already been alerted by others in the industry that hackers tied to North Korea were trying to get jobs at crypto companies. A list of suspicious email addresses had been shared with Kraken, and one matched the email the applicant used to apply.
Kraken’s security team found a network of fake identities linked to the candidate. They also spotted technical red flags, such as the use of remote Mac desktops through VPNs and identification documents that seemed edited.
When the hiring process reached its final stage, Kraken’s chief security officer, Nick Percoco, ran some identity verification tests designed to catch fake applicants. The candidate failed these tests, which confirmed that the person was not who they claimed to be.
Percoco stated that threats backed by states are not only a problem for the crypto industry and US businesses, but also pose risks worldwide.
A white hat hacker, c0ffeebabe.eth, recently intercepted a security breach at Morpho Labs, a decentralized lending platform. How did the company respond? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
