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US Loses $400M to N Korea

US Loses $400M to N Korea

The U.S. Federal Bureau of Investigation announced that North Korean-backed hackers stole more than $400 million over 18 months in a scam targeting people in the cryptocurrency and Web3 technology sectors. The hackers impersonated people their victims knew, used AI-generated fake video calls, then staged a “technical glitch” to install malware, steal victims’ data, and draw in new victims. The bureau said it had seized more than 900 video recordings captured through the victims’ webcams.

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