Dec 20, · YouBit Hack – The Second Time in Back in April, the company has been hacked compromising an amount that arrives at the sum of 4, Bitcoin. This cyber attack was carried out by North Korea as it was informed by the South Korean’s spy agency. It is not the first time that South Korea is attacked by North Korea in the cyberspace. Jun 10, · Bitcoin Tumbles After South Korean Exchange Coinrail Hacked Bloomberg’s Eric Lam reports explains why bitcoin extended losses for a third day, tumbling as much as 12 percent. Bithumb, South Korea’s largest bitcoin exchange, has been hacked to the tune of around $20 million. Financial news website CCN reports, “Bithumb, the largest bitcoin exchange in South Korea alongside Upbit, has been hacked for around $20 million.
South korea bitcoin hackingSouth Korean Bitcoin Exchange Yapizon Hacked; $5 Million Stolen
Accessories Buying Guides How-tos Deals. Health Energy Environment. YouTube Instagram Adobe. Kickstarter Tumblr Art Club. Film TV Games. Fortnite Game of Thrones Books. These hackers pulled off such a feat by pretending to be security authorities while the emails were sent to a single IP address, which was found to be associated with previous hacking incidents against Seoul where North Korea was found to be involved. Moreover, according to the Police, North Korea sent test emails before launching the actual attack via infected emails because the location of origin of those test emails has been traced back to North Korea.
It is worth noting that North Korea has been sanctioned heavily by the UNO on the grounds of its nuclear and missile programmes. Therefore, one has every reason to speculate that the country is looking for ways to obtain funds through digital currency.
However, so far there is no report about stealing of digital currency or compromising of computers in any of the reported hacking incidents from North Korea. FireEye report also pointed out that the hacking group behind these attacks on cryptocurrency exchanges is state-sponsored and working with the Kim Jong-un regime.
The regime has shifted its focus on virtual currency because such transactions are usually anonymized, and hence, through them, North Korea can easily control money laundering in traditional markets. FireEye reported earlier in September that North Korean hackers attacked at least three cryptocurrency exchanges since May while investigation revealed that four exchanges had been targeted so far.