Several NFT collections backed by Matt Furie, the creator of Pepe, were subjected to a massive hack after he accidentally hired a North Korean employee for an IT position. The same group attacked another company, Favrr, resulting in total losses of one million dollars.
Furie's company collaborated with Chainsaw, an NFT company, which seems to have hired one of its hackers for a job in the IT department. Favrr hired one of the hackers as its Chief Technology Officer, showing a concerning neglect of project security.
The growing threat from North Korean hackers.
Pepe, the famous cartoon frog, is a popular subject for meme coin creations, but its original creator has no connection to them. The visual artist Matt Furie created this character about 20 years ago. In partnership with Chainsaw to launch NFT collections, Furie attempted to capitalize on this growing industry, but it seems that a hack from North Korea led to the project's halt.
This alarming lack of security is the real issue. ZachXBT recently warned of increasing North Korean activity, especially after the Lazarus group executed the largest hack in cryptocurrency history.
Cryptocurrency crimes are significantly increasing right now, yet these companies have taken no notable precautions. What is more damning is that Favrr is the only company that issued a public statement.
Chainsaw issued a brief warning, then deleted it later, and Matt Furie also remained silent. Both disabled their direct messages on X. ZachXBT tried to reach out to all parties involved but was unable to do so.
