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In April, the crypto community witnessed a historic downturn in financial losses due to fewer hacks and scams. According to blockchain security firm CertiK, the total damages of these types of crypto attacks dipped to a record low in April.
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The notorious Lazarus Group, a cyber-hacker entity backed by North Korea, appears to have escalated its fraudulent activities to attack crypto by exploiting LinkedIn’s professional networking platform. This cyber threat has been detailed in a report by SlowMist, a leading information security firm.
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In recent findings, an investigation by the United Nations has illuminated the extent to which North Korea has leveraged cyber activities such as crypto hacks to “bolster” its economy and further its weapons development programs.
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