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North Korea-Linked Fake Zoom/Teams Scam Tops $300 Million in Crypto Thefts

Researchers say attackers hijack Telegram contacts to stage calls that deliver malware disguised as audio or SDK patches.

Overview

  • Security Alliance (SEAL) reports multiple daily attempts using this tactic across the crypto sector.
  • Victims are funneled through Calendly links into Zoom or Teams sessions that play pre‑recorded video to mimic live participants.
  • During the call, targets are prompted to install a supposed fix that deploys a Remote Access Trojan granting full device control.
  • Compromises lead to theft of passwords, private keys and session tokens, enabling wallet drainage and further account takeovers.
  • Researchers frame the scheme as part of a broader North Korea-linked push against crypto, with industry estimates putting total annual losses near $2 billion.