North Korean scammers are posing as American job candidates

Scammers from North Korea and abroad are posing as American job candidates for Web3 startups in order to receive cryptocurrency wages and possibly eavesdrop on internal corporate operations. Three bitcoin recruiters told Insider that they've encountered applicants who appeared to be North Korean and had good resumes, only to discover they had no expertise in the interview.

The issue creates a difficult decision point for the new business, which in many cases promises complete management of one's finances away from the US government's careful eye and protection. Overall, lousy hiring procedures, cash-flush crypto startups, and the remote work craze provide the ideal setting for unethical actors to profit from the burgeoning Web3 market.

Dan Eskow, the founder of the hiring business Up Top Search said, "It almost looked like these guys had no soul," The suspect individuals, according to recruiters, had comprehensive resumes and good credentials, including work at decentralised financial heavyweights like Parallel Finance or Blockdaemon.

Solidity developers, for example, who understand the Ethereum blockchain's native language, are in short supply and in great demand at the present. Web3 companies with plenty of funds are keen to hire them.