Recent reports suggest that North Korean threat actors are now employing an alarming evolution in the tactics they employ to launch a sophisticated cybercrime operation known as Elusive Comet, a sophisticated cybercrime operation. This newly uncovered campaign demonstrates a way of exploiting Zoom's remote control capabilities to gain unauthorised access to cryptocurrency industry users' systems.
It is clear from this development that a significant trend is occurring in which widely trusted communication platforms are being exploited as tools to facilitate high-level cyber intrusions. Security Alliance, one of the most reputable cybersecurity research organisations, conducted the investigation and analysis that led to the discovery. Elusive Comet exhibited some significant operational similarities to activities previously associated with North Korea's notorious Lazarus Group, a group which has been linked to North Korea for some years.
The findings suggest that definitive attribution is yet to be made.
Due to the lack of conclusive evidence, attempts to link this campaign with any known state-sponsored entity have been complicated, further demonstrating how covert cyberattacks have become increasingly common in the financial sector. This campaign, according to security experts, marks a dramatic departure from the traditional methods of gaining access to cryptocurrency targets previously used to attack them.
This is because the attackers can leverage legitimate features of mainstream platforms such as Zoom, which not only makes their operations more successful but also makes detection and prevention much more difficult.
Using such ubiquitous communication tools emphasises the need for enhanced security protocols in industries that handle digital assets to stay on top of digital threats.
With the emergence of Elusive Comet, the threat landscape continues to evolve, and adversaries are increasingly adopting innovative approaches to bypass traditional defences, a reminder that the threat landscape is constantly changing and that adversaries are continuously evolving. The threat actors behind Elusive Comet have invested considerable resources into establishing a convincing online persona to maintain an appearance of legitimacy.
To reinforce their facade of authenticity, they operate credible websites and maintain active social media profiles.
As one example of the fraudulent entities that are associated with the group, Aureon Capital, a fake venture capital company posing as a legitimate company, Aureon Press, and The OnChain Podcast have all been carefully designed to trick unsuspecting individuals and businesses.
The attackers usually contact users by sending them direct messages via X (formerly Twitter), or by contacting them via email, or by offering invitations to appear on their fabricated podcast as a guest.
In the study, researchers found that after initiating contact and establishing a certain level of trust, attackers then move swiftly to set up a Zoom meeting under the pretext of learning more about the target's professional activities.
It is common for key meeting details to be withheld until very near the time of the scheduled meeting, a tactic employed by the organisation to create an impression of urgency and encourage compliance among participants.
A common occurrence is that victims are often asked to share their screens during the call so that they can demonstrate their work, and in doing so, they unknowingly expose their sensitive systems and data to the attackers. As a result of the Elusive Comet operation, Jake Gallen, CEO of the cryptocurrency company Emblem Vault, lost over $100,000 of his digital assets, which included his company's cryptocurrency. As a result, he was targeted after agreeing to participate in a Zoom interview with someone who was posing as a media person.
By manipulating Gallen during the session into granting remote access to his computer under the disguise of technical facilitation, the attacker succeeded in obtaining his permission to do so. The attackers were able to install a malicious payload, referred to by the attackers as "GOOPDATE," which allowed them to gain access to his cryptocurrency wallets and steal the funds that resulted from this attack.
It is clear from this incident that cryptocurrencies are vulnerable, especially among executives and high-net-worth individuals who interact regularly with media outlets and investors, which makes them particularly susceptible to sophisticated social engineering schemes because of their high level of exposure to these media outlets.
Additionally, the breach emphasises that professionals operating in high-value financial sectors should have heightened awareness of cybersecurity and adopt stricter digital hygiene policies.
A leading cybersecurity research and advisory firm specialising in forensics and advanced persistent threats (APTS), Security Alliance, meticulously tracked and analysed the Elusive Comet campaign, a campaign that is highly likely to persist for many years to come.
Security Alliance published a comprehensive report in March 2025 detailing the tactics, techniques, and procedures (TTPS) used by threat actors and presenting comprehensive insights into these tactics. In their research, the attackers were able to install malware on victims' systems based primarily on a combination of social engineering and using Zoom's remote control features to get their malicious code into the systems of their victims.
Despite drawing parallels between the methods used to conduct this campaign and those of the notorious Lazarus Group of North Korea, Security Alliance exercised caution when attributions were made. It was noted in the research that the similarities in techniques and tools could indicate common origins or shared resources; however, the researchers stressed the difficulties associated with attribution in a cyber threat landscape where various actors tend to duplicate or repurpose the methodologies of each other.
Taking into account the methods employed by the Elusive Comet campaign, cryptocurrency professionals are strongly advised to take a comprehensive and proactive security posture to reduce the risk of falling victim to the same types of sophisticated attacks again. First and foremost, companies and individuals should make sure that Zoom's remote control feature is disabled by default, and that it is only enabled when necessary by the organisation and the individual.
This functionality can be significantly restricted by restricting the use of this feature, which reduces the chances of cybercriminals exploiting virtual engagements as well.
It is also important to exercise increased caution in responding to unsolicited meeting invitations. When invitations are sent by an unknown or unverified source, it is essential to verify the identity of the requester through independent channels.
In order to increase account security in cryptocurrency-related platforms, including digital wallets and exchanges, it is imperative to implement multi-factor authentication (MFA) as a critical barrier.
MFA serves as an additional layer of protection if credentials are compromised as well, providing an extra layer of defence.
Further, it will be beneficial for organisations to deploy robust endpoint protection solutions as well as maintain all software, including communication platforms such as Zoom, consistently updated, to protect against the exploitation of known vulnerabilities. Additionally, regular cybersecurity education and training for employees, partners, and key stakeholders is also extremely important.
An organisation can strengthen the security awareness of its teams through the development of a culture of security awareness, which will allow them to identify and resist threat actors' tactics, such as social engineering, phishing attacks, and other deceptive tactics. The Elusive Comet operation highlights a broader, more dangerous threat to the cryptocurrency industry as cybercriminals are increasingly manipulating trusted communication tools to launch highly targeted and covert attacks targeting the crypto market.
There is a strong possibility that the attacker may have been part of the North Korean Lazarus Group, but an official attribution remains elusive, further illustrating the difficulty in identifying cyber threat actors, yet there are some clear lessons to be learned from this attack.
As today's cybersecurity landscape becomes more volatile and more complex, it is more important than ever for organisations to maintain vigilance, implement rigorous security protocols, and continually adapt to emerging threats to survive. The adversaries are continually refining their tactics, so the only people who can successfully safeguard the assets and reputation of their organisations and businesses against evolving threats to their identity and reputation will be those who invest in resilient defence strategies.
