# More Crypto Companies Affected: FBI Warns of North Korean Hacker Attacks on Crypto ETFs

Alright, folks, let's dive into the latest developments in the crypto world. The FBI has issued a warning about North Korean hackers targeting crypto companies, particularly those involved with crypto ETFs. So, buckle up and let's get into it.

## FBI Warns of North Korean Hacker Attacks on Crypto ETFs

The FBI is investigating crypto-related crimes and has issued a warning about North Korean hackers targeting U.S. companies to steal crypto assets.

“The Democratic People's Republic of Korea conducts highly tailored, difficult-to-detect social engineering campaigns against employees of decentralized finance institutions, cryptocurrencies, and similar companies,” the FBI stated.

As reported by BTC-ECHO, North Korea's hacker army has allegedly stolen over three billion US dollars in the past six years. Notably, the Lazarus Group is believed to be behind several crypto exchange hacks.

The planned attacks involve detailed research and tailored strategies to exploit the specific interests and connections of the targets.

The FBI emphasizes that North Korean cyber actors pose a constant threat. Their criminal strategies include impersonating trusted contacts, offering fake jobs or investments, and using malware.

“North Korean malicious cyber actors have researched a number of targets associated with exchange-traded crypto funds (ETFs) in recent months,” the warning continues.

Therefore, the FBI urges companies in the crypto sector to implement strict security measures, including multi-factor authentication and restricting access to sensitive information.

Crypto exchanges are a popular target, with losses increasing tenfold in the last 12 months. Therefore, crypto investors should consider self-custody of their coins, for which hardware wallets from Ledger, Trezor, and BitBox are recommended.

## The Bottom Line

So, there you have it, folks. The FBI has warned about North Korean hackers targeting crypto companies, particularly those involved with crypto ETFs. Whether you're a seasoned crypto investor or just starting out, it's important to stay informed and stay vigilant.

Crypto is a wild and exciting world, but it's also a complex one. So, always do your own research, consult with professionals, and remember that what goes up can also come crashing down.

## Disclaimer

Alright, folks, before we wrap up, it's time for the obligatory disclaimer. This article is for entertainment and educational purposes only. It's not financial advice, and I'm not your financial advisor. Always do your own research and consult with a professional before making any investment decisions.

Crypto is a wild and unpredictable beast, and what goes up can just as easily come crashing back down. So, be smart, be cautious, and most importantly, have fun out there. After all, isn't that what life's all about?

Until next time, stay curious, stay informed, and keep your eyes on the prize. The world of finance is waiting, and it's a wild ride. So, buckle up and let's enjoy the journey together.

Happy investing, folks!

For more content check out our Blog: https://finixyta.com/top-5-upcoming-crypto-airdrops-in-2024-dont-miss-these-opportunities/