13 Sep '17, 10am

North Korea suspected of hacking into bitcoin exchanges to get around sanctions

North Korea suspected of hacking into bitcoin exchanges to get around sanctions

Read more UN Security Council unanimously adopts tougher sanctions on North Korea According to FireEye , hackers linked to North Korea have stolen bitcoins from at least three South Korean cryptocurrency exchanges since May 2017. They used spear phishing — a fraudulent practice of sending fake emails – and dispersed malware to obtain virtual cash illicitly. Cryptocurrency attacks by North Korea were first detected in 2016. In April, four wallets on the Seoul-based cryptocurrency exchange Yapizon were compromised, but could not be clearly linked to North Korean involvement. Yapizon announced losing 3,816 bitcoins or about $5.3 million. The company, however, did not disclose who it believed to be responsible for the crime. North Korean hackers have also been suspected of intrusions into global banks in 2016. “Now, we may be witnessing the second wave of this campaign: state-...

Full article: https://www.rt.com/business/403168-north-korea-hackers-bi...

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