North Korean Hackers Using Fake Job Offers to Steal Cryptocurrency, Research Shows

North Korean hackers are increasingly impersonating recruiters to steal cryptocurrency, saturating the industry with convincing fake job offers, according to new research and interviews conducted by Reuters. The cyber campaign, dubbed “Contagious Interview” by cybersecurity firms, has grown so pervasive that many applicants now screen recruiters to ensure they are not acting on behalf of Pyongyang.

Experts say North Korea stole at least $1.34 billion in cryptocurrency last year, funding its sanctioned weapons program. The FBI has previously warned that Pyongyang was “aggressively” targeting the crypto industry with elaborate social engineering schemes.

The scams typically begin on LinkedIn or Telegram, with a recruiter offering a role at a major blockchain or crypto firm. Applicants are then directed to obscure websites to complete a skills test or record a video—sometimes requiring them to download malicious code. In one case, a U.S. product manager lost $1,000 in ether and Solana after sending a video to a fake recruiter impersonating Ripple Labs. Others, like consultant Ben Humbert, cut off conversations after being asked to complete “virtual interviews” through suspicious links.

Companies such as Robinhood and Kraken have acknowledged being impersonated. Robinhood said it acted to disable fake web domains linked to the scam. LinkedIn and Telegram confirmed that the fraudulent accounts identified by Reuters had been removed. Still, security experts say the impersonations are difficult to police, as “anybody out there can say they’re a recruiter,” noted Nick Percoco, Kraken’s chief security officer.

Research by SentinelOne and Validin found exposed hacker log files containing details of more than 230 targeted individuals—ranging from coders and consultants to executives—between January and March. Analysts linked the activity to North Korea based on IP addresses and emails tied to previous state-backed hacks.

Although only a fraction of North Korea’s overall crypto theft efforts, experts warn the campaign is highly organized and rapidly evolving. “It’s scary how far they’ve come,” said Carlos Yanez of Global Ledger, one of the recent targets.

North Korea’s mission to the United Nations did not respond to Reuters’ request for comment, though Pyongyang routinely denies involvement in cryptocurrency theft.

Trump to Host Tech Leaders in First Rose Garden Event After Renovation

U.S. President Donald Trump will host more than two dozen technology and business leaders for a dinner in the newly renovated White House Rose Garden on Thursday, a White House official confirmed. The guest list includes Meta founder Mark Zuckerberg, Apple CEO Tim Cook, Microsoft founder Bill Gates, and OpenAI CEO Sam Altman.

The event underscores Trump’s shifting relationship with Silicon Valley. Once marked by frequent clashes over issues like content moderation and antitrust, the dynamic has changed since his 2024 election victory. Tech executives have since sought closer ties with the administration, aligning with the rollback of diversity and equity initiatives while engaging Trump on artificial intelligence and emerging technologies.

White House spokesman Davis Ingle said, “The president looks forward to welcoming top business, political and tech leaders for this dinner and the many dinners to come on the new, beautiful Rose Garden patio.”

Elon Musk, CEO of Tesla and SpaceX, was not on the invite list, though he said on his social media platform X that he “was invited, but unfortunately could not attend,” adding that a representative would be present. Musk previously split with Trump after serving as an adviser earlier this year.

The Rose Garden renovation, completed in August, replaced the iconic lawn with a stone patio and umbrella-covered tables inspired by Trump’s Mar-a-Lago resort in Florida. The dinner follows a White House event on AI hosted by First Lady Melania Trump earlier in the day.

Other executives expected include Google CEO Sundar Pichai, Oracle CEO Safra Catz, Blue Origin CEO David Limp, Micron Technology CEO Sanjay Mehrotra, OpenAI President Greg Brockman, Microsoft CEO Satya Nadella, Palantir CTO Shyam Sankar, AMD CEO Lisa Su, Sacramento Kings owner Vivek Ranadive, and Meta’s chief AI officer Alexandr Wang.

Starboard Takes 8.5% Stake in BILL Holdings, Plans Boardroom Challenge

Activist investor Starboard Value disclosed on Thursday that it has built an 8.5% stake in BILL Holdings (BILL.N) and plans to nominate directors as part of a boardroom challenge to push for changes at the financial automation software company. The move was confirmed in a U.S. Securities and Exchange Commission filing, which followed a Reuters report earlier in the day.

BILL Holdings’ shares surged as much as 10% in after-hours trading after the news. The company, headquartered in San Jose and valued at nearly $5 billion, processes more than 1% of U.S. GDP through its platform but has seen its stock lose almost half its value since January. Shares have fallen 86% from their November 2021 peak, though the company has authorized a $300 million share repurchase program, acknowledging its stock is undervalued.

Starboard’s filing said it intends to nominate director candidates, and discussions with management and the board are ongoing. Four of BILL’s 12 directors are up for election at this year’s annual meeting, and sources said Starboard may put forward as many as four nominees before Saturday’s deadline. BILL stated that it values engagement with all shareholders and will consider Starboard’s candidates once officially nominated.

While BILL expects revenue to grow up to 15%, it currently trades at just three times revenue, making it one of the least expensive U.S. technology firms. Analysts say this, along with increasing M&A activity in the sector, could make it an attractive acquisition target. Rivals such as Melio, AvidXchange, and Esker have all recently been acquired by strategic buyers or private equity firms.

Starboard has a track record of pushing operational improvements and strategic changes. It has recently taken positions in Rogers (ROG.N) and Tripadvisor (TRIP.O), and has previously reached boardroom settlements at Autodesk (ADSK.O) and Kenvue (KVUE.N). BILL, in its latest 10-K filing, acknowledged the potential disruption activist investors could bring, warning that proxy contests could divert resources and impact business execution.