PANews reported on November 24th, citing DL News, that Pablo Sabbatella, founder of Web3 auditing firm Opsek and a member of the Security Alliance (SEAL), revealed at the Devconnect conference that North Korean infiltration is far more extensive than imagined. He stated that 15% to 20% of crypto companies harbor North Korean infiltrators, and 30% to 40% of job applications may come from North Korean agents attempting to infiltrate. Due to international sanctions, most North Korean agents cannot directly seek employment, so they recruit remote workers globally, especially from developing countries like Ukraine and the Philippines, as cover. They require these workers to hand over their account credentials or allow them to remotely use their identities. The workers receive 20% of the earnings, while the agents take 80%.
North Korean agents also recruit Americans as "front-end" agents, posing as non-English speaking, Chinese interviewees to implant malware on their computers to obtain US IP addresses and bypass restrictions to access more content. Once hired, they are often retained long-term due to their diligence and lack of complaint. To identify them, one can ask for their opinions on Kim Jong-un; they are forbidden from speaking ill of him. Sabbatella claims that the cryptocurrency industry suffers from poor security, making founders vulnerable to social engineering attacks and their computers susceptible to malware infection.


BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate. BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more
