Axie Infinity's blockchain got hacked, and it was because of a fake LinkedIn job listing that was able to penetrate the company's systems and stole as much as $500 million. The reports point to a North Korean hacking group called "Lazarus," identified as one of the US government's most notorious threat actor groups.
Axie Infinity Lost $500M Due to a Recent Hack via LinkedIn
The Block reported that Axie Infinity faced a new hack on its platform, and it was through a fake LinkedIn job listing that enticed an applicant into entering several personal information that is used against the company.
Insiders with direct knowledge of the incident told The Block that a senior engineer from the company applied for a fake job that became the gateway for the hack.
The fake job on the platform is already gone after making the employee think he is getting a new position at a different company. Nevertheless, this Axie Infinity hack happened earlier in the year, and this is something that the company has already fixed in the present.
The hack stole as much as $540 million in its recent time and effectively crippled the famous blockchain company, Ronin.
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North Korean Hackers, 'Lazarus,' Stole from Axie
According to The Block and The Verge, the threat actors were identified as "Lazarus," a North Korean group specializing in these attacks and is notorious for their actions. It is not the first time that Lazarus struck the public and the blockchain industry, and the United States government has already identified them for their dangers to the public.
The Blockchains and their Security Issues
Blockchains are still decentralized, and there are only a few security details online and from the government that helps ward off hacks in their current state. Sky Mavis promised those who fell victim to the latest Axie Infinity hack that they would soon receive their reimbursement from the company, especially after the incident that left the users' money.
Many entities aim to help and protect the digital blockchain industry, and one of them is with European Union's MiCA or the Markets in Crypto Assets, which will provide security on their investments. The cryptocurrency world is still facing grave threats from the many threat actors who steal their money, which is hard to follow once stolen.
Coin scams are famous online, and people that want to earn or invest their way to cryptocurrency mostly meet these scams that promise a great experience.
While the case of Axie Infinity's latest hack is due to a senior engineer's personal mistakes, it is still something to be wary of, as it only shows how easy it is for threat actors to gather information and use it against the public. And this victimizes not only the people but also professionals in the industry that are looking for jobs online.
This article is owned by TechTimes
Written by Isaiah Richard
