How Do Hackers Use Gaming to Launder Billions? | Ft. Geoff White, BBC Podcast Host. (Ep 33 - Clip 4)
Description
In this video, Geoff White, host of BBC Podcast 'Lazarus Heist', explores how the booming online gaming industry has become one of the newest battlegrounds for cybercrime, crypto theft, and money laundering. He explains how hackers — including North Korea’s state-backed Lazarus Group — are exploiting gaming platforms and digital ecosystems to steal millions and move illicit funds undetected.We dive into the shocking Axie Infinity hack of 2022, where North Korean hackers allegedly stole $625 million by exploiting blockchain vulnerabilities within the Vietnamese gaming platform. With the gaming industry now valued in billions, gaming companies have become high-value targets for hackers, while unsuspecting gamers are also at risk. From stolen digital assets like skins, avatars, and in-game currencies to compromised wallets, the threat extends far beyond corporate systems.With the rapid rise of crypto-based gaming, NFTs, and digital in-game assets, cybercriminals now see gaming as one of the most lucrative and low-risk frontiers. This clip unpacks the methods, motives, and scale of these operations, exposing how the gaming world has become a new playground for hackers, scammers, and money launderers.If you’re interested in cybersecurity, gaming, cryptocurrency, or digital finance, this is a must-watch.
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