3 STEPS CRYPTO INVESTORS CAN TAKE TO AVOID HACKS BY THE LAZARUS GROUP

Last updated: June 20, 2025, 00:33 | Written by: Cathie Wood

The world of cryptocurrency offers exciting opportunities for investment and financial growth, but it also presents significant risks.One of the most concerning threats is the activity of sophisticated hacking groups, most notably the North Korean state-sponsored Lazarus Group.This notorious entity has mastered the art of stealing crypto assets, leaving countless investors reeling from devastating losses. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article. But before delving into these, it sFrom targeting major crypto exchanges to exploiting vulnerabilities in individual wallets, the Lazarus Group's tactics are constantly evolving.With high-profile examples like the 2025 Bybit hack, where they stole a staggering US$1.5 billion, and their involvement in other attacks such as the Alphapo, CoinsPaid, and Atomic Wallet breaches that accumulated over $200 million in losses, it's clear that robust security measures are crucial. 3 steps crypto investors can take to avoid hacks by the Lazarus Group . Buy, Sell, Trade Bitcoin with Credit Card 100 Cryptocurrencies @ BEST rates from multiple sources, Wallet-to-Wallet, Non-Custodial!Even seasoned investors like Mark Cuban have fallen victim to crypto hacks, highlighting the pervasive nature of this threat.This article will equip you with three simple yet powerful steps to enhance the security of your digital assets and protect yourself from becoming the next target.

Understanding the Threat: The Lazarus Group and Crypto Hacking

Before diving into the protective measures, it's essential to understand the nature of the threat posed by the Lazarus Group.The FBI has presented convincing evidence linking this group to numerous cyberattacks and cybercriminal activities. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article.Beyond financial theft, the Lazarus Group is known for other malicious activities, including the infamous WannaCry ransomware attack.Their sophisticated techniques often involve social engineering, exploiting human error, and targeting vulnerabilities in third-party software.

The Lazarus Group's motives are often tied to generating revenue for the North Korean regime, making them a persistent and well-funded adversary. The 2025 Bybit hack is a high-profile example: North Korea s Lazarus Group used social engineering to infiltrate a trusted third-party developer and steal US$1.5 billion in crypto. Staying vigilant means verifying identities, enabling strong security measures, protecting personal information, performing thorough research, and keeping up withTheir attacks are not limited to specific geographical locations or types of cryptocurrency, making every crypto investor a potential target. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article. But before delving into these, it s [ ]Staying informed about their tactics and techniques is a critical first step in defending against their attacks.

Step 1: Secure Your Long-Term Crypto Storage with Hardware Wallets

One of the most effective defenses against crypto hacking is utilizing a hardware wallet for long-term storage. The Lazarus Group has mastered the art of stealing crypto investors assets. Here are a few tips on how investors can protect their portfolios. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet.Hardware wallets are physical devices that store your private keys offline, making them inaccessible to hackers who might compromise your computer or mobile device.Think of it as storing your valuables in a physical safe rather than keeping them in an easily accessible location.

Why Hardware Wallets Offer Superior Security

Hardware wallets provide an extra layer of security that software wallets simply can't match. To protect their portfolios, crypto investors can take the following three steps: 1. Utilize hardware wallets for long-term crypto storage, as they provide an extra layer of security by keeping private keys offline and inaccessible to hackers. 2. Enable Two-Factor Authentication (2FA) on all crypto exchange and wallet accounts, requiring a oneHere's why:

Offline Storage: Private keys are stored on the device itself and never exposed to the internet, preventing remote access by hackers.
Secure Element: Many hardware wallets use a secure element, a specialized chip designed to protect sensitive information from physical attacks.
Transaction Verification: Before any transaction is signed, the hardware wallet requires physical confirmation, ensuring that you're aware of and approve every transaction.
PIN Protection: Access to the hardware wallet is protected by a PIN, preventing unauthorized use if the device is lost or stolen.

Example: Imagine you have a significant amount of Bitcoin you plan to hold for the long term. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollarsStoring it on a software wallet on your computer makes it vulnerable to malware or remote access. Related Posts Why 2025 Altcoin Season Could Fuel a Rally in These Stablecoin Market Adds $1B in Six Days as Major Microsoft of Blockchains: Bitwise Doubles Down on Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly [ ]By transferring it to a hardware wallet, you significantly reduce the risk of it being stolen, even if your computer is compromised.

Choosing the Right Hardware Wallet

Several reputable hardware wallet options are available, each with its own features and price points.Popular choices include:

Ledger Nano S Plus/X: Known for their ease of use and wide range of supported cryptocurrencies.
Trezor Model T/One: Another popular option with a strong focus on security and open-source software.
KeepKey: A simple and secure hardware wallet with a large display.

When choosing a hardware wallet, consider the following factors:

Supported Cryptocurrencies: Ensure the wallet supports the cryptocurrencies you want to store.
Security Features: Look for features like a secure element, PIN protection, and tamper-evident packaging.
Ease of Use: Choose a wallet that is easy to set up and use, especially if you're new to cryptocurrency.
Price: Hardware wallets range in price from around $50 to several hundred dollars.

Actionable Advice: Purchase your hardware wallet directly from the manufacturer or an authorized retailer to avoid receiving a tampered device.Always verify the authenticity of the device and the firmware before using it.

Step 2: Enable Two-Factor Authentication (2FA) on All Accounts

Two-Factor Authentication (2FA) adds an extra layer of security to your crypto exchange and wallet accounts. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million 3 steps crypto investors can take to avoid hacks by the Lazarus GroupIt requires you to provide two different factors to verify your identity when logging in, making it significantly harder for hackers to gain access, even if they have your password.

How 2FA Works

2FA typically involves something you know (your password) and something you have (a code generated by an authenticator app or sent to your phone via SMS).Even if a hacker manages to obtain your password through phishing or a data breach, they still need access to your second factor to log in to your account.

Types of 2FA

Several types of 2FA are available, each with its own level of security:

Authenticator Apps (e.g., Google Authenticator, Authy): These apps generate time-based one-time passwords (TOTP) that are required in addition to your password. [ Septem ] Bitcoin Price (BTC) Fell 0.9% While Ether Price (ETH) Dropped 0.2%, Pushing the CoinDesk 20 Lower CryptocurrencyThis is the most secure form of 2FA.
SMS-Based 2FA: A code is sent to your phone via SMS message.While convenient, this method is less secure than authenticator apps due to the possibility of SIM swapping attacks.
Hardware Security Keys (e.g., YubiKey): These physical devices generate a unique code when plugged into your computer or mobile device. The Federal Bureau of Investigation (FBI) blamed Lazarus Group for the Alphapo, CoinsPaid and Atomic Wallet hacks, stating that losses from all of these hacks add up to over $200 million the group has stolen in 2025.They offer the highest level of security.

Example: Imagine someone obtains your password to your crypto exchange account. FBI has clear evidence on the Lazarus Group. The Lazarus Group is a North Korean state-sponsored hacking group, known for their sophisticated attacks linked to various cyberattacks and cybercriminal activities, including the WannaCry ransomware attack.Without 2FA enabled, they could log in and transfer your funds. The Lazarus Group has mastered the art of stealing crypto investors assets. Here are a few tips on how investors can protect their portfolios. Cryptocurrency users frequently fall prey to online hacks, with Mark Cuban being just the latest high-profile example of how nearly a million dollars can quickly leave your digital wallet. It is possible to substantially bolster the security of yourHowever, with 2FA enabled, they would also need the code generated by your authenticator app or sent to your phone, preventing them from accessing your account.

Implementing 2FA

Enabling 2FA is usually a straightforward process. On the Lazarus Group, the FBI has convincing proof. Most cyberattacks use social engineering and take advantage of human error. How to prevent hackers and attacks for crypto investorsHere's how to do it:

Log in to your crypto exchange or wallet account.
Navigate to the security settings.
Look for the 2FA or two-step verification option.
Choose your preferred 2FA method (authenticator app, SMS, or hardware security key).
Follow the on-screen instructions to set up 2FA.

Actionable Advice: Always use an authenticator app for 2FA whenever possible, as it's more secure than SMS-based 2FA. It is possible to substantially bolster the security of your funds by heeding three simple guidelines that will be outlined in this article. But before delving into these, it s crucial to understand the type of threat that exists today. FBI has clear evidence on the Lazarus GroupBack up your 2FA recovery codes in a safe place, as you'll need them if you lose access to your authenticator app.

Step 3: Practice Vigilance and Awareness: Staying Ahead of Social Engineering and Phishing Attacks

While technical security measures are crucial, social engineering and phishing attacks remain a significant threat to crypto investors.The Lazarus Group and other hacking groups often use these tactics to trick victims into revealing their private keys or login credentials.Staying vigilant and aware of these threats is essential for protecting your assets.

Understanding Social Engineering

Social engineering involves manipulating individuals into performing actions or divulging confidential information. Learn how crypto investors can take three simple steps to avoid hacks by the Lazarus Group. Enhance the security of your digital assets and protect yourself from cyberattacks.Hackers often use these techniques to exploit human psychology and trust, making it difficult to detect the scam.

Common Social Engineering Tactics

Phishing Emails: Emails that appear to be from legitimate sources, such as crypto exchanges or wallet providers, asking you to click on a link or provide your login credentials.
Fake Websites: Websites that mimic legitimate crypto exchanges or wallets, designed to steal your login credentials or private keys.
Impersonation: Hackers impersonating customer support representatives or other trusted figures to gain your trust and solicit information.
Giveaway Scams: Promising free cryptocurrency in exchange for sending a small amount of crypto to a specific address.
Romance Scams: Building relationships with victims online and then asking for cryptocurrency for purported emergencies or investments.

How to Stay Vigilant

Here are some tips to help you stay vigilant and avoid falling victim to social engineering attacks:

Verify Identities: Always verify the identity of anyone who asks you for your login credentials or private keys.Contact the company directly through official channels to confirm their legitimacy.
Enable Strong Security Measures: Use strong, unique passwords for all your crypto accounts and enable 2FA whenever possible.
Protect Personal Information: Be careful about sharing personal information online, as hackers can use it to craft more convincing phishing attacks.
Perform Thorough Research: Before investing in any cryptocurrency or project, do your research and ensure it's legitimate. 3 steps crypto investors can take to avoid hacks by the Lazarus Group The Lazarus Group has mastered the art of stealing crypto investors assets. Here are a few tips on how investors can protect their portfolios.Be wary of projects that promise unrealistic returns.
Keep Up with the Latest Scams: Stay informed about the latest phishing and social engineering tactics used by hackers.

Example: You receive an email that appears to be from your crypto exchange, warning you that your account has been compromised and asking you to click on a link to reset your password. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave Instagram BlockchainBefore clicking on the link, verify the sender's address and contact the exchange directly through their official website to confirm the email's legitimacy.

The Human Element: Addressing Human Error

Many successful cyberattacks exploit human error. FBI has clear evidence on the Lazarus Group The Lazarus Group is a North Korean state-sponsored hacking group, known for their sophisticated attacks linked to various cyberattacks and cybercriminal activities, including the WannaCry ransomware attack.Training yourself and your team to recognize and avoid phishing attempts and social engineering tactics is crucial. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leaveAlways double-check links, verify sender addresses, and never share your private keys or seed phrases with anyone.

Actionable Advice: Implement a ""trust no one"" policy.Always verify information and never blindly trust emails, messages, or phone calls, even if they appear to be from trusted sources.

Beyond the Basics: Advanced Security Measures for Crypto Investors

While the three steps outlined above provide a solid foundation for crypto security, several advanced measures can further enhance your protection:

Multi-Signature Wallets: Require multiple approvals for transactions, making it more difficult for hackers to steal your funds even if they compromise one key.
Decentralized Exchanges (DEXs): Allow you to trade cryptocurrencies without relying on a centralized exchange, reducing the risk of a single point of failure.
Regular Security Audits: Have your crypto systems and wallets audited by security professionals to identify and address potential vulnerabilities.
VPNs and Secure Browsing: Use a virtual private network (VPN) to encrypt your internet traffic and protect your privacy. The Lazarus Group has mastered the art of stealing crypto investors assets. Here are a few tips on how investors can protect their portfolios.Use secure browsers with built-in security features.
Offline Transaction Signing: Use a dedicated offline computer to sign cryptocurrency transactions, further isolating your private keys from online threats.

Frequently Asked Questions (FAQ) About Crypto Security

Q: What is the biggest threat to my cryptocurrency?

A: While technical vulnerabilities exist, social engineering and phishing attacks are often the biggest threats. [ Septem ] We Asked ChatGPT if Bitcoin (BTC) Can Hit $100K if the US Fed Lowers Interest Rates Bitcoin [ Septem ] How to Invest Your Crypto Savings Easily With AlgosOne s Automatic Savings Account BusinessHackers often target human error to gain access to private keys or login credentials.

Q: Is it safe to store my cryptocurrency on an exchange?

A: While exchanges offer convenience, they are also potential targets for hackers. The Lazarus Group has mastered the art of stealing crypto investors assets. Here are a few tips on how investors can protect their portfolios. Cryptocurrency users frequently fall prey to online hacks with Mark Cuban being just the latest high-profile example how nearly a million dollars can leave your digital wallet. It is possible to substantially [ ]It's generally safer to store your cryptocurrency in a hardware wallet, especially for long-term holdings.

Q: How can I tell if a website is a phishing site?

A: Look for common signs of phishing websites, such as incorrect URLs, poor grammar, and requests for sensitive information.Always verify the website's SSL certificate and check its reputation using online tools.

Q: What should I do if I think my crypto account has been hacked?

A: Immediately change your password, enable 2FA, and contact the exchange or wallet provider to report the incident.Monitor your account for any unauthorized transactions and report them to the authorities if necessary.

Q: Are all hardware wallets equally secure?

A: No, hardware wallets vary in their security features and design.Research different options and choose a reputable wallet with a strong track record.

Conclusion: Protecting Your Crypto Assets in a High-Risk Environment

In the ever-evolving landscape of cryptocurrency, the threat posed by groups like the Lazarus Group is a serious concern.By implementing the three steps outlined in this article – utilizing hardware wallets for long-term storage, enabling Two-Factor Authentication (2FA) on all accounts, and practicing vigilance and awareness against social engineering attacks – you can significantly enhance the security of your digital assets.Remember, staying informed, proactive, and security-conscious is crucial for protecting yourself from becoming the next victim of cybercrime.The recent examples of high-profile hacks, including those targeting Mark Cuban and the Bybit exchange, underscore the importance of these measures.

Taking these precautions is not just about protecting your investments; it's about securing your financial future in the digital age.Don't wait until you've been targeted by a hack to prioritize your security.Start implementing these steps today and take control of your crypto security.Remember to always stay updated with the latest security trends and adapt your strategies as needed.Your diligence is your best defense in this high-stakes environment.For further protection, consider exploring advanced security measures and consulting with cybersecurity professionals.Your digital assets are valuable, treat them accordingly.