North Korean Hackers, Lazurus, Create A New Crypto Scam Malware Targeting MacOS Users

Security analysts have allegedly unearthed another attack emanating from notorious North Korean hacking group known as Lazarus. The new malware is developed as a fake cryptocurrency trading platform and is targeting MacOS users, the Nextweb reports.

In a blog post written by Jamf Patrick Wardle, Apple Mac Security researcher, outlined the nature of the malware indicating that it looks more like a rehash of the previous exploits by the group.

As per the blog post, the hackers have created a front company known as JMT trading as well as an accompanying open-source crypto trading platform. The trading app was hosted on GitHub and that’s where its originality comes to an end.

Wardle indicated that there is a suspicious code within the JMT trading software’s code that allows the hackers ‘to remotely execute commands on any device that has installed the app. The code gives attackers full control of an infected MacOS system giving them the ability to do as they want with the device, Wardle explained.

A closer examination of the JMT trading codes revealed that it was a reapplication of Lazarus past strategies where it combines malicious code with genuine looking apps.

This is not the first time that Lazarus is trying this trick as last year it set up a fake trading app known as Celas that was later discovered by security analysts at Kaspersky Labs. At the time, Kaspersky noted that the malicious crypto trading app was being recommended to unsuspecting victims via an email.

After the discovery, Wardle explained that the new malware could be targeting crypto exchange staff rather than daily retail investors.

While one can argue that Lazarus are slow to creativity seeing that they are repeating the same tricks to rob individuals, on the contrary, this could be necessitated by the fact that their tricks are working well.

Research published last year claimed that North Korea based hacking syndicate was the most profitable in the world and is working tirelessly to perfect their tactics. In the past North Korea has been called out by security officials for using cybercriminals to steal cryptos to fund the Kim Jong-Un’s government.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Joseph Kibe
Joseph Kibe
Joseph is a blockchain and cryptocurrency enthusiast, with a strong conviction that exposure of blockchain technology is for the good of the society. Fascinated by the massive potential of cryptocurrencies and the technology behind them – blockchain – Joseph spent lots of his time learning more about the industry, becoming a polished expert writer in the sector. He covers any cryptocurrency and blockchain related content.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,468FansLike
2,795FollowersFollow
4,232FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Second Half of 3-Yr Bull Market: Ether’s Crazy Run has 90% of its Supply in Profit

This past weekend, the price of Ether went past $400 to as high as about $420, a level last seen in July 2018. This...

Teenage Mastermind Behind the Twitter Hack Owns $3.39 Million in Bitcoin (300 BTC); Bail Set At $725k

The 17-year old Twitter-hack mastermind holds over $3 million in BTC value with only $725,000 set for bail. In a bizarre moment last month, Twitter...

Bitcoin (BTC) Jumped to $100,000 on Binance Futures

There have been several predictions that see Bitcoin hitting a six-digit figure. On Sunday, this became a reality, very briefly, thanks to an algorithm. Bitcoin...

Flash Crash Caused Serious Network Congestion for ETH, ETC, And ERC 20 Tokens on Coinbase

On August 1, the Ethereum's blockchain faced a spike in network transaction fees, causing a backlog in transfers across several exchanges. Coinbase and Binance,...

Bitcoin’s Wild Weekend Reminiscent of 2017 Bull Rally, ‘Higher Highs Ahead in 2020'

This past weekend, bitcoin had a rough time as the largest cryptocurrency made its way past $12,000 to $12,112 in trading just after midnight...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today