Estonia-based cryptocurrency payment company CoinsPaid suspects North Korean hacking group Lazarus Group gained access to its systems through fake recruiters.
Today, a post appeared on the CoinsPaid blog in which the creators explained how they were deceived. They presented a scam model that allowed hackers to steal over $37 million on July 22. It was the result of manipulating one of the employees who downloaded the software during a fake job interview believing that he was performing a technical recruitment task. The company reported that an employee responded to a job offer posted by hackers and downloaded malicious code, which allowed hackers to steal information and access CoinsPaid’s infrastructure.
Recruiters from cryptocurrency companies contacted CoinsPaid employees via LinkedIn and various messengers, offering a very high salary. For example, some team members received job offers ranging from $16,000 to $24,000 per month. During the recruitment process, the perpetrators tried to trick candidates into installing JumpCloud Agent software to complete a technical task.
Internal security measures triggered an alert system in CoinsPaid, which allowed the malicious activity to be quickly stopped and the hackers kicked out of the company’s perimeter. Following standard procedure, after each hacking attack, CoinsPaid notified all major cryptocurrency exchanges and cybersecurity companies of the incident, providing information on the addresses of the hackers. They were then included in the branding that was shared in the community. Everything to prevent further movements and laundering of funds related to these addresses.
Technical Market Outlook:
The ETH/USD pair has bounced from the key technical support located at the level of $1,816 and is now testing the short-term trend line resistance seen around the level of $1,831. The intraday technical resistance is seen at the level of $1,845 and $1,888. The weak and negative momentum, together with an increasing bearish pressure supports the short-term bearish outlook for ETH. Please notice, that if the key technical support is broken, the volatility might increase significantly and the market choppy trading conditions will no longer exist.
Weekly Pivot Points:
WR3 – $1,869
WR2 – $1,850
WR1 – $1,839
Weekly Pivot – $1,830
WS1 – $1,820
WS2 – $1,810
WS3 – $1,791
Trading Outlook:
The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August 2022 at the level of $2,029. This is the key level for bulls, so it needs to be broken in order to continue the up trend. The key technical support is seen at $1,368, so as long as the market trades above this level, the outlook remains bullish.
The material has been provided by InstaForex Company – www.instaforex.com
Crypto Industry News:
Estonia-based cryptocurrency payment company CoinsPaid suspects North Korean hacking group Lazarus Group gained access to its systems through fake recruiters.
Today, a post appeared on the CoinsPaid blog in which the creators explained how they were deceived. They presented a scam model that allowed hackers to steal over $37 million on July 22. It was the result of manipulating one of the employees who downloaded the software during a fake job interview believing that he was performing a technical recruitment task. The company reported that an employee responded to a job offer posted by hackers and downloaded malicious code, which allowed hackers to steal information and access CoinsPaid’s infrastructure.
Recruiters from cryptocurrency companies contacted CoinsPaid employees via LinkedIn and various messengers, offering a very high salary. For example, some team members received job offers ranging from $16,000 to $24,000 per month. During the recruitment process, the perpetrators tried to trick candidates into installing JumpCloud Agent software to complete a technical task.
Internal security measures triggered an alert system in CoinsPaid, which allowed the malicious activity to be quickly stopped and the hackers kicked out of the company’s perimeter. Following standard procedure, after each hacking attack, CoinsPaid notified all major cryptocurrency exchanges and cybersecurity companies of the incident, providing information on the addresses of the hackers. They were then included in the branding that was shared in the community. Everything to prevent further movements and laundering of funds related to these addresses.
Technical Market Outlook:
The ETH/USD pair has bounced from the key technical support located at the level of $1,816 and is now testing the short-term trend line resistance seen around the level of $1,831. The intraday technical resistance is seen at the level of $1,845 and $1,888. The weak and negative momentum, together with an increasing bearish pressure supports the short-term bearish outlook for ETH. Please notice, that if the key technical support is broken, the volatility might increase significantly and the market choppy trading conditions will no longer exist.
Weekly Pivot Points:
WR3 – $1,869
WR2 – $1,850
WR1 – $1,839
Weekly Pivot – $1,830
WS1 – $1,820
WS2 – $1,810
WS3 – $1,791
Trading Outlook:
The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August 2022 at the level of $2,029. This is the key level for bulls, so it needs to be broken in order to continue the up trend. The key technical support is seen at $1,368, so as long as the market trades above this level, the outlook remains bullish.
The material has been provided by InstaForex Company – www.instaforex.com
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