FBI: North Korean hackers used fake video calls in $400m crypto hack

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According to the BBC, US authorities stated that state-sponsored hackers from North Korea have stolen over $400 million in cryptocurrency by using fake video calls to steal identities. The FBI, which refers to the scheme as 'FaceStealer', reported that more than 900 victims have fallen prey to the operation in the last 18 months. Brett Leatherman, the FBI's cyber director, stated that the North Korean regime relies on such large-scale thefts to fund its illicit weapons program. Hackers reportedly use fake social media accounts to lure victims into video calls hosted on imposter versions of Zoom, Microsoft Teams, and Google Meet. By playing pre-recorded videos and prompting users to click links to 'fix' audio issues, the hackers install malware that grants access to contact lists and applications. Patrick Grandy, an assistant director at the FBI, described the scheme as a highly effective form of social engineering capable of deceiving even experienced technical users.