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Ripple shares North Korea-linked threat data as crypto attacks shift to social engineering

The Block
Ripple is sharing threat intelligence on North Korea-linked actors with Crypto ISAC to combat evolving social engineering attacks.

Summary

Ripple is contributing its internal threat intelligence, including fraud-associated domains and wallet addresses linked to North Korean hacking campaigns, to Crypto ISAC. This initiative aims to bolster the broader crypto sector's defense against increasingly sophisticated social engineering tactics, exemplified by the recent $280 million Drift incident. Crypto ISAC has launched a new API for fast, actionable data sharing, with early adopters including Ripple and Coinbase. This move comes as crypto attacks attributed to North Korean groups continue to rise, with TRM Labs reporting North Korea's significant share of global crypto hack losses. North Korean authorities have denied these allegations.

(Source:The Block)