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Receive all Bitcoinist news in Telegram! In a desperate bid for financial resources, North Korea and Kim Jong-un are unleashing hackers against Bitcoin exchanges. The continuing rise in Bitcoin value has had a lot of positive effects. People have made a lot of money on the cryptocurrency’s rise, and the accompanying headlines have brought more people into the crypto world. However, there is a downside to Bitcoin skyrocketing in value, which is having unsavory characters trying to get their hands on it through illegal means. Digital currency might be easier to gain than physical currency.
Security experts have followed attacks by various hacking groups, such as Andariel, Lazarus, and Bluenoroff, and these groups are suspected to be front groups for North Korea. Before when we tracked nation-state attackers, they usually perform cyber attacks which are aimed at confidential data and intelligence. Bitcoin exchanges to gain financial profit. The country has been isolated due to crippling sanctions, and those sanctions were recently further enhanced by the Trump administration. As North Korea continues to threaten international peace and security, we are steadfast in our determination to maximize economic pressure to isolate it from outside sources of trade and revenue while exposing its evasive tactics. Overall, the already meager North Korean economy has been crippled by economic sanctions. So it comes as no surprise that they wish to hack into Bitcoin exchanges in an effort to steal bitcoins as the cryptocurrency surges in value.
So I assume they will do more Bitcoin attacks and of course they will keep targeting banks because that’s what they did before. Are you worried about North Korea hacking into Bitcoin exchanges? Let us know in the comments below. Images courtesy of Pixabay and Bitcoinist archives. How do you feel about a future that is fueled by the constant drive of wanting to achieve true greatness, by helping mankind in all aspects of life?
If this sounds like something you see happening or want to see in the near future, Keplertek is the right project for you. The unprecedented combination of the up-and-coming industries of Robotics, AI, and the Blockchain will change the world in ways we cannot yet imagine! 15 million in a startup company which aims to facilitate the launch of trading platforms and tokenizes assets through blockchain-based technology. Despite the current market correction, Novogratz remains overly positive towards the field in general. A bitcoin exchange in South Korea has gone out of business after being hacked, highlighting the perils of trying to cash in on this year’s stunning boom in digital currencies. Seoul-based Youbit said it was filing for bankruptcy after cyber-thieves stole nearly a fifth of its clients’ holdings in an attack Tuesday.