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Researchers Built a Fake Crypto Startup and Hired Three Suspected North Korean IT Workers

Security researchers hired three suspected North Korean IT workers at a fake DeFi startup, documenting forged IDs, AI-edited images and post-hire system access.

Researchers from BCA LTD, NorthScan and ANY.RUN built a fake DeFi protocol called Ballena Azul and hired three suspected Famous Chollima operatives through a real recruiting pipeline. The hires submitted inconsistent or AI-processed identity documents, including a driver's license whose metadata showed Google Gemini processing and a SynthID watermark. On day one the workers profiled their assigned VMs, checked their egress country, and one installed Chrome Remote Desktop and logged into GitHub. The findings were presented at DEF CON 34 and align with a July 31 joint government alert on DPRK IT worker schemes.

The Hacker News · Aug 11, 2026Threat actor

Risky Bulletin: Expired cards can be used for new transactions

Researchers show expired Visa contactless cards can be revived via NFC man-in-the-middle relay to run fraudulent transactions; roundup also covers major breaches.

University of Massachusetts Amherst researchers built an NFC man-in-the-middle rig that updates a card's expiration date in transit and relays the modified payment to POS terminals, reviving expired contactless cards; Visa terminals and the backends of all five banks studied failed to catch the manipulation. The same roundup reports Iranian hackers shut down a small UK power plant for four days, Lazarus breached South Korea's Presidential Office as part of a campaign exceeding 100 victims, and French telecom SFR suffered a breach affecting over 2.1 million customers.

Risky Business News · 23d agoResearch1