FBI Exposes Crypto Scam

It's Benzinga, bringing Wall Street to Main Street. North Korean state-backed hackers have stolen more than $400 million in cryptocurrency over the past 18 months, according to Reuters. The FBI said on Thursday that the hackers use a scheme called Face Stealer to lure victims into fraudulent video meetings through compromised accounts belonging to trusted contacts. During the calls, victims encounter a fake technical error and are instructed to click a link that infects their computers and social media accounts. Hackers secretly record the victims and use their accounts to target additional people. The FBI has identified and seized more than 900 victim webcam videos. The agency also warned that hackers are beginning to use AI-generated deepfake videos of influential figures in the cryptocurrency industry. The FBI linked the activity to North Korean hacking group Sapphire Sleet, which is separate from the group tied to the recent $6.3 billion Binance hack. For all things money, visit Benzinga.com.