Ghost in the Blockchain International Top Hacker Organization Steals Digital Assets Worth at Least $1 Billion

Ghost in the Blockchain Hacker Group Steals Over $1 Billion in Digital Assets

Hacker Attacks

Since March 23, 2022, a series of hacker attacks targeting cryptocurrency-related platforms have occurred frequently, causing widespread concern and alarm. According to the investigation by BitForest security engineers, these attacks may be carried out by a hacker group, which has made profits of $1 billion so far. Based on the capabilities of this criminal group, BitForest founder Eric believes they are among the top in the world, able to breach a secondary exchange in just one day. For most people in the cryptocurrency industry, they are like ghosts, so this group has been named “Crypto Ghosts.”

Crypto Ghosts

Based on the clues we currently have, the Crypto Ghosts team is likely a large and highly organized group. Through the analysis of a series of attack incidents, we have found some common characteristics and attack patterns, which allows us to gain some understanding of the attack methods used by the Crypto Ghosts team. The Crypto Ghosts team possesses a sense of mystery, and the FBI has claimed based on its investigation that they are North Korean hackers. During the analysis process at BitForest, it was discovered that the group used the Korean language in their money laundering process. However, BitForest believes that this is not definitive evidence of them being North Korean hackers, and it is also possible that it is an attempt by hackers from another country to shift blame. At the same time, BitForest has also obtained some fingerprints of the Crypto Ghosts hackers. The cryptocurrency industry should unite to counter the Crypto Ghosts hackers. If you are one of the victims or have more insider information, you can contact BitForest via Twitter or email.

Attack Patterns and Stealth Techniques

The Crypto Ghosts team is proficient in attack techniques, and their attack methods, stealth techniques, and fund transfer methods are astonishing, demonstrating the strength of a top international criminal group.

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Firstly, the Crypto Ghosts team has a penchant for attacking cryptocurrency platforms, especially those related to cryptocurrency trading and wallet storage. These platforms often have a high level of anonymity, providing hackers with more entry points. From AxieInfinity on March 23, 2022, to the recent exchange CoinEx, these attack incidents have had a huge impact on cryptocurrency platforms.

Secondly, the Crypto Ghosts team has advanced attack techniques, and they are well-versed in vulnerability exploitation and social engineering. Through the analysis of attack incidents, we found that they use advanced network penetration methods to obtain user asset information and login credentials, and then carry out theft. Unfortunately, these techniques often successfully evade the platform’s defense measures, resulting in significant losses.

In addition, the Crypto Ghosts team has excellent stealth techniques. They make use of the anonymity of cryptocurrencies and various methods of obfuscating transfers, making it extremely difficult to trace the source of attacks and track fund transfers. The use of these stealth techniques makes the Crypto Ghosts team more secretive in their actions, posing a serious challenge to investigation and countermeasures.

At the same time, the attacks by ghost teams in the crypto community have brought significant security risks to the cryptocurrency industry. Although many platforms have strengthened their security measures and monitoring, facing such highly organized and professional hacker teams, it is still necessary to further enhance security awareness and technical defenses.

As a professional blockchain security tracing company, Bitjungle has fully supported Coinex in tracing and recovering assets in the first place. The follow-up investigation is currently underway, and Bitjungle will closely monitor the situation. If you are one of the victims mentioned above or have more insider information, you can contact Bitjungle via Twitter or email.

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