According to PANews, the North Korean hacker group Lazarus has launched a new operation called 'Operation 99,' targeting Web3 and cryptocurrency developers. The group is reportedly using platforms like LinkedIn to pose as recruiters, luring developers into cloning GitLab repositories embedded with malware. This sophisticated attack aims to steal valuable data, including source code, API keys, and cryptocurrency wallet private keys.

The Lazarus Group has a history of similar cyber attacks, having stolen $1.34 billion in crypto assets last year through comparable methods.