Brazilian Crypto Firms Are Targeted by North Korean Hackers: Report


An alarming surge of cyberattacks by North Korean hackers targeting cryptocurrency exchanges, fintech organizations, and individuals in Brazil was revealed in a June 13 threat intelligence assessment from Google Cloud.

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According to the article, the current attacks are the work of the infamous North Korean hacking squad Pukchong, also referred to as UNC4899.

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Are North Korean hackers coordinating their attacks?

Cybercriminals utilize a cunning strategy to trick gullible people into downloading harmful software that seems to be a cryptocurrency price tracker. The malware allows the attackers to take over the victim’s computer and makes it possible for more dangerous payloads to be downloaded.

North Korean gangs have reportedly targeted Brazil’s cryptocurrency companies as well as aerospace, defense, and government organizations, according to Google threat intelligence. On the other hand, cybercriminals supported by the Chinese government concentrate on attacking South American governments and the energy industry.

Other North Korean hacking groups, like GoPix and URSA, were also discovered to be actively utilizing identical malware attacks to target Brazilian bitcoin companies in addition to Pukchong.


Cyber-attack Targets Brazil’s Digital Boom

The security of cryptocurrency wallets and exchanges, which are frequently targeted by hackers, was a major worry at the time of this revelation.

A zero-day vulnerability that targets iOS users was alerted to by Trust Wallet on April 15. The company that provides cryptocurrency wallets revealed that the vulnerability can let hackers access customer data without authorization.

Trust Wallet recommended customers to turn off iPhone iMessage until Apple closed the loophole, even though no victims had been identified at the time.

Additionally, in May 2024, the cybersecurity company Kaspersky discovered that malware was used by the North Korean hacking group Kimsuky to target cryptocurrency companies in South Korea. The malware known as “Durian” permits the exfiltration of private files, further file downloads, and the execution of commands that are supplied.


Brazil is susceptible to cyberattacks from both domestic and foreign threat actors, according to Google’s threat analysis. The nation’s flourishing economy makes it an attractive target for the digital underworld as its digital payment sector grows.

Notably, ransomware groups have shifted their attention from North America and Europe to the Latin American nation.

Brazil is even the second-most-targeted country according to ransomware-as-a-service gang RansomHub’s leak site, highlighting the growing threat to Brazil’s digital ecosystem. CRYPTOCASTER® - DECENTRALIZED FREEDOM!


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