They met the crypto project's team at a major cryptocurrency conference. By establishing personal contact with the Drift team, the perpetrators integrated themselves into the project under the guise of a crypto company. They were linked to North Korean hackers, although the perpetrators themselves were not citizens of North Korea. The hackers used malicious links and tools to hack participants' devices and execute exploits. After the attack, they erased their presence online. Among the stolen tokens was USDC. However, Circle did not freeze the wallets within six hours of the incident. The tokens were later converted into 130,300 ETH ($278 million). Since 2017, North Korean hackers have stolen over $7 billion in cryptocurrency.
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For six months, the perpetrators posed as partners of the Drift Protocol to steal $280 million.
They met the crypto project's team at a major cryptocurrency conference. By establishing personal contact with the Drift team, the perpetrators integrated themselves into the project under the guise o...