How a Fake Job Offer Cost CoinsPaid $37m

Goat News
3 min readAug 8, 2023

📰 Goat News 🐐

GM, crypto fam

Welcome to the latest serving of Goat News, fresh outta the kitchen. Today’s menu:

  • Is North Korea pulling a $37m heist on CoinsPaid?
  • Continuing USDT sell-off on Curve and UniSwap
  • PayPal and Paxos join forces for Ethereum-based PYUSD
  • Kenyan police cracking down on Worldcoin (WLD)

Are your curious taste buds tingling yet? Let’s GOAT into it

Lazarus Group’s Crafty Con: How a Fake Job Offer Cost CoinsPaid $37m​

The notorious Lazarus Group strikes again! This time, they’ve bagged $37 million from crypto payments provider — CoinsPaid.

And their weapon of choice? A convincingly fake job offer. But before labeling this a “work-from-home nightmare,” let’s break it down…

Crypto News — Goat News

Six moody months spent meticulously studying CoinsPaid’s systems resulted in an elaborate scam that fooled an innocent employee into thinking they’d landed a high-paying gig with Crypto.com. Plot twist: they didn’t.

Fact is, North Korean hackers have been stealing millions to fund their…wait for it…nuclear program ⛈️

Jeez, when did financial independence get so Bond villainsque? If you’ve been keeping tabs on such hacks, you’d know that these mfers have made off with more than $3 billion in crypto till date.

Now if only they could put all that brainpower into curing cat allergies, amirite?

Now let’s jump back to the sneaky hack at hand. What’s surprising is how intricate these deceptive operations are.

From faking technical interviews to manipulating emotions via lucrative offers, they do it all and HOW!

Bottom line: cyber security ain’t no walk in the park folks. And social engineering attacks? Those are the bullets you never saw coming.

CRYPTO NEWS FLASH

  • The pressure cooker’s whistles louder as selling pressure on USDT intensifies across Curve and UniSwap stablecoin pools.
  • While some entities spew friction, others create synergy. Case in point: PayPal’s partnership with Paxos to launch PYUSD, an Ethereum-based stablecoin.
  • In Kenya, police raided a Worldcoin (WLD) warehouse making off with evidence faster than you can say ‘blockchain.’ Investigation details pending…

FINAL THOUGHTS

“The transformation brought about by the digital assets is not merely evolutionary; given its pace and size, the change is revolutionary.” — Bill Foster.

Today’s serving of Goat News is signing off now but remember, just HODL on tight because we’re committed to bringing you the best and boldest stories from the wild world of cryptocurrency. Remember to stay vigilant and #dyor

Until next time! Spread the word about Goat News, and don’t forget to share your thoughts because we learn, grow, and laugh together.

See you tomorrow for another round of crypto funnies courtesy of yours truly!

Stay classy, crypto fam

Cheers! Goat out ✌️

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