Binance Chief Security Officer Jimmy Su highlights the escalating threat of state-sponsored hackers targeting crypto firms, revealing that fake job applications from North Korea are a major concern. Su asserts that these attacks are particularly dangerous because they often involve posing as legitimate employees before launching successful scams. A recent case involving the U.S. Department of Justice’s seizure of $7.74 million in funds linked to these North Korean hackers sheds light on their tactics, showing how they used fake identities and remote work opportunities to infiltrate crypto companies and access sensitive data. This demonstrates a shift towards more sophisticated attacks by North Korean-linked groups as they seek ways to exploit crypto firms for financial gain, often diverting funds to support the country’s military programs.