Wow, last time ZachXBT deleted the tweet accusing USDC of being used by North Korean hackers, I thought it was a PR move, but it turned out he was gathering evidence for an even bigger revelation. 1. Investigations found that since this year, over $16.58 million has been paid to disguised North Korean IT engineers working for various companies, most of which were distributed through USDC. 2. Their goal is to infiltrate companies, steal money, and serve North Korea. 3. Based on a monthly salary of $3,000 – $8,000 per engineer, this means they have infiltrated at least 345 or up to 920 tech companies or crypto job positions. 4. Some project teams have discovered that these employees, even if they claim to live in the same city as the team, always refuse to meet in person. There have even been instances where three North Korean engineers referred each other to work on the same project, thereby infiltrating the entire company. 5. They often hold multiple positions; even if they are quickly fired for poor performance and switch jobs, as long as they obtain contract permissions, the project will immediately face security risks. 6. In earlier years, these individuals would open accounts or circulate through Binance, but as Binance's risk control has become stricter, it is now rarely seen, and instead, MEXC has become the preferred choice. But to be honest, these North Korean hackers look quite similar to generals.
1/ My recent investigation uncovered more than $16.58M in payments since January 1, 2025 or $2.76M per month has been sent to North Korean IT workers hired as developers at various projects & companies. To put this in perspective payments range from $3K-8K per month meaning they have infiltrated 345 jobs on the low end or 920 jobs on the high end.
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