Crypto Executives Targeted in $400M North Korea Hacking Scheme: FBI

The FBI has attributed a sprawling North Korean hacking campaign responsible for some $400 million in crypto losses to a tactic of hijacking executives' Telegram and LinkedIn accounts to send fake meeting invitations from trusted contacts. The scheme, tied to Pyongyang-linked groups, has drained funds across multiple protocols and chains over the past year, with the bureau warning that the social-engineering vector is expanding beyond smart-contract exploits. The disclosure matters because it shifts blame for a large share of industry losses onto off-chain human error, complicating security budgets that have focused on code audits. Watch for exchanges and wallets to tighten account-recovery and verification procedures, and for victim protocols to publish post-mortems clarifying which incidents fall under the $400 million tally.