Lazarus Group Poses As Fenbushi Capital For Phishing Scams, Lures Users Via Linkedin

North Korean hacker group Lazarus once again came to the limelight today, April 29, as a blockchain security firm, SlowMist, spotlighted the group to be impersonating Fenbushi Capital, an Asian venture capital firm investing in blockchain companies, for exploitation attacks. In a brazen display of cyber warfare, the Lazarus group appears to have turned its sights towards LinkedIn, a social networking site for professionals, for deploying sophisticated phishing techniques to deceive unsuspecting users.

Notably, the Lazarus Group’s latest arsenal includes LinkedIn as a primary weapon for cyber attacks, further emerging as a new threat to users. It’s worth mentioning that the hacker group recently started targeting crypto-background employees via LinkedIn as well, per reports by the abovementioned blockchain security firm.

Lazarus Group Impersonates Fenbushi Capital

In a post shared on X by the Chief Information Security Officer at Slow Mist, the security lead warned users against a fake account named ‘Nevil Bolson,’ designated as the Founding Partner at Fenbushi on LinkedIn. To this, the CISO added that the original account goes by the name ‘Remington Ong,’ cautioning users not to engage in any activity surrounding the fake profile.

Intriguingly, the fake account used phishing schemes to deceive users in the name of investments and conferences, posting links on the professional networking site. This adds up to the North Korean hacker group’s illicit activities, which have reportedly resulted in a loss of nearly $3 billion globally.

🚨Watch out for the #Lazarus 🥷🇰🇵 attack on the fake Fenbushi Capital on linkedin! @fenbushi @SlowMist_Team @boshen1011 @VitalikButerin 👇 pic.twitter.com/cAjAcPqkNj

— 23pds (@im23pds) April 29, 2024

Also Read: Crypto Prices Today April 29: Bitcoin At 62K, ETH Dips, XRP & BONK Crash

Lazarus Group’s Hacking Spree

Meanwhile, the Lazarus Group, a hacker group alleged to be run by the North Korean government, has been recorded to be partaking in numerous exploitation attacks over the past few days. The group moved $12 million in Ether as of mid-March this year using Tornado Cash, a coin mixer. This move has further sent tongues wagging across the crypto landscape.

Whereas, Railgun (RAIL), the native token of another coin mixer, appears to be at risk of a price decline following Lazarus’ use of the platform for illicit activities. These chronicles collectively underscore the complexities surrounding the pioneering tech, blockchain, further birthing questions orbiting it’s functionalities among users despite the tech’s long-time functioning.

Additionally, CoinGape Media earlier reported that the Lazarus group switched to YoMix for crypto money laundering as of February this year. This comes following the crackdown on Sinbad mixer, another crypto coin mixer.

Also Read: Bitcoin and Altcoins Come Under Pressure Ahead of Fed’s Interest Rate Decision on May 1