North Korean hackers have once again targeted cryptocurrency firms, this time using a sophisticated malware known as Durian, according to cybersecurity experts at Kaspersky. This latest revelation underscores the ongoing threat posed by cybercriminals to the cryptocurrency industry and highlights the need for robust security measures to protect against such attacks.

Durian, named after the pungent tropical fruit, is a highly advanced malware strain believed to have been developed by the Lazarus Group, a notorious hacking collective with ties to North Korea. The malware is designed to infiltrate the networks of cryptocurrency exchanges and steal sensitive information, including user credentials, private keys, and other valuable data.

Kaspersky researchers have identified multiple instances of Durian being deployed in targeted attacks against cryptocurrency firms in recent months. The malware is typically spread via phishing emails containing malicious attachments or links to fake websites designed to trick victims into downloading and installing the malware on their systems.

Once installed, Durian operates covertly, using a variety of techniques to evade detection and maintain persistence within the victim’s network. It can intercept and exfiltrate sensitive data, log keystrokes, and even take screenshots of the victim’s desktop, allowing hackers to gain unauthorized access to cryptocurrency wallets and other valuable assets.

The use of Durian by North Korean hackers represents a significant escalation in cyber threats against the cryptocurrency industry. The Lazarus Group, believed to be behind the malware, has a long history of targeting cryptocurrency exchanges and financial institutions with sophisticated cyberattacks aimed at stealing funds and sensitive information.

To mitigate the risk of falling victim to such attacks, cryptocurrency firms are advised to implement robust cybersecurity measures, including multi-factor authentication, encryption, network segmentation, and regular security audits. Additionally, users should exercise caution when opening email attachments or clicking on links, especially if they appear suspicious or unsolicited.

By remaining vigilant and implementing proactive security measures, cryptocurrency firms can better protect themselves and their customers against the growing threat posed by cybercriminals and state-sponsored hackers.

Source: crypto.news

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El Salvador has taken a significant step in its journey towards embracing Bitcoin by launching a transparent data platform for tracking investments in the cryptocurrency. This move underscores the country’s commitment to promoting transparency and accountability in its adoption of digital currencies.

The new platform, developed by the government of El Salvador in collaboration with various partners, provides real-time information on Bitcoin transactions, investments, and other relevant data. By offering greater visibility into the use of Bitcoin within the country, the platform aims to enhance trust and confidence among investors and stakeholders.

One of the key features of the platform is its ability to provide detailed insights into government-held Bitcoin reserves, allowing users to track the flow of funds and monitor the performance of the cryptocurrency in real-time. This level of transparency is expected to promote greater accountability and foster a more favorable environment for Bitcoin adoption in El Salvador.

In addition to tracking government-held Bitcoin reserves, the platform also offers information on private sector investments in Bitcoin, including data on transactions, wallet balances, and trading volumes. This comprehensive approach to data transparency is designed to provide investors with the information they need to make informed decisions about their involvement in the Bitcoin market.

The launch of the transparent Bitcoin investment data platform represents a significant milestone in El Salvador’s efforts to leverage digital currencies for economic growth and financial inclusion. By providing greater visibility into Bitcoin transactions and investments, the platform aims to create a more transparent and accountable financial ecosystem that benefits both investors and the broader economy.

Source: crypto.news

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Renowned financial educator and author Robert Kiyosaki has thrown his weight behind Bitcoin, emphasizing its significance in the face of the impending launch of cryptocurrencies by the BRICS nations.

Kiyosaki, best known for his book “Rich Dad Poor Dad,” took to social media to advocate for Bitcoin as a hedge against what he perceives as an impending financial crisis. He believes that Bitcoin’s decentralized nature makes it a reliable store of value compared to traditional fiat currencies, especially amidst the uncertainty surrounding global financial markets.

His endorsement of Bitcoin comes at a time when the BRICS nations (Brazil, Russia, India, China, and South Africa) are reportedly exploring the possibility of launching their own cryptocurrencies. While the specifics of these plans remain unclear, Kiyosaki sees Bitcoin as a superior alternative, citing its limited supply and resistance to government control.

Kiyosaki’s support for Bitcoin is not new, as he has previously voiced his bullish stance on the cryptocurrency, often advocating for its adoption as a hedge against inflation and economic instability.

His latest remarks underline the growing interest in Bitcoin as a viable investment option, particularly among prominent figures in the financial world. As the BRICS nations continue to explore the potential of cryptocurrencies, Kiyosaki’s endorsement of Bitcoin adds further momentum to its status as a preferred asset for investors seeking to diversify their portfolios and safeguard against economic uncertainties.

Source: coingape.com

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