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FBI warns of North Korean ’social engineering’ schemes to steal crypto

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The Federal Bureau of Investigation (FBI) has issued a stern warning about a new cyber scheme orchestrated by North Korean hackers targeting cryptocurrency assets. According to the FBI, the North Korean cyber operatives are using sophisticated techniques to steal digital currencies from individuals and organizations worldwide.

In its alert, the FBI detailed how these hackers exploit vulnerabilities in cryptocurrency exchanges and wallet services. The scheme reportedly involves a combination of phishing attacks, malware, and social engineering tactics to gain unauthorized access to users’ accounts and siphon off their cryptocurrency holdings.

The FBI’s warning underscores the growing threat posed by state-sponsored cybercrime, particularly from North Korea, which has a history of engaging in cyberattacks to fund its illicit activities. The North Korean regime is believed to use stolen cryptocurrency to circumvent international sanctions and support its controversial programs.

The FBI has urged cryptocurrency users and businesses to bolster their cybersecurity measures, including implementing robust multi-factor authentication, regularly updating software, and being vigilant against suspicious communications. The agency also advised victims of these attacks to report any suspicious activity immediately to law enforcement.

This alert follows a series of high-profile cyber heists involving North Korean hackers in recent years, highlighting the ongoing risks associated with digital asset security. As the cryptocurrency sector continues to grow, so too does the sophistication of the threats targeting it.

The FBI’s warning is a timely reminder for the global cryptocurrency community to remain vigilant and proactive in safeguarding their assets against increasingly advanced cyber threats.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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